Newly-filed accounts for Dublin pub Doheny and Nesbitt's operating company, Swigmore Inns Ltd, have revealed that the venue's profits declined by 18.5% to €237,782 last year.
The accounts show that while the pub's revenues rose and its accumulated profits increased from €3.56 million to €3.8 million during the year that ended on January 31, 2019, investment costs pulled its profits down, as reported by The Irish Examiner.
Swigmore's accounts also show that the company's cash amounted to €29,617 at the end of the twelve month period and the amount owed to the company by debtors was €1.98 million.
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The profits take account of non-cash depreciation costs of €79,869.
© 2019 Hospitality Ireland – your source for the latest industry news. Article by Dave Simpson. Click subscribe to sign up for the Hospitality Ireland print edition.