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Pub/Bar/Nightclub

Post-Tax Profits Decrease At O'Donoghue's Of Dublin

By Dave Simpson

New accounts for O'Donoghue's (Merrion Row) Ltd have revealed that post-tax profits decreased 16% to 434,020 at O'Donoghue's pub of Merrion Row in Dublin during the 12 month period that ended on June 30, 2019.

COVID-19 Crisis Impact

O'Donoghue's is currently closed due to the COVID-19 crisis and has temporarily reduced its staff and experienced a reduction in turnover as a result.

According to The Irish Independent, a note attached to the new accounts stated that "the company is working with staff and suppliers while reviewing options under government support schemes", and that the long-term impact of the COVID-19 crisis on the business is currently "unknown".

Further Statistics

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O'Donoghue's (Merrion Row) Ltd experienced an increase in accumulated profits from €1.56 million to €1.95 million during the 12 months to the end of June of last year while its cash funds rose from €2.68 million to €2.95 million.

Additionally, pay to directors remained unchanged during the period at €154,698; the company's shareholder funds amounted to €9.3 million at the end of the period; and it paid out €36,000 in dividends.

© 2020 Hospitality Ireland – your source for the latest industry news. Article by Dave Simpson. Click subscribe to sign up for the Hospitality Ireland print edition.

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