Profits at Wallace Calcio Limited, which operates a chain of Italian-style wine bars and restaurants co-owned by Wexford TD Mick Wallace, increased 84% to €82,933 during the year that ended on August 31, 2018.
Cash Pile And Accumulated Losses
The company's cash pile rose from €60,347 to €130,455 during the twelve month period and its accumulated losses decreased from €83,408 to €475. However, the company continued to owe creditors €368,632.
Employment Numbers And Wage Costs
The number of people employed by the company decreased from 42 to 38 during the period, and it paid out €1.2 million in wages and salaries.
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© 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.