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Temple Bar Pub-Owner Increased Operating Profit By 43% In 2018

Published on Sep 9 2019 9:00 AM in Pub/Bar/Nightclub tagged: Featured Post / profits / Temple Inns / 2018 / Temple Bar Pub

Temple Bar Pub-Owner Increased Operating Profit By 43% In 2018

The group behind the Temple Bar pub has reported operating profits of €5.62 million last year.

As reported by the Irish Independent, Temple Inns increased its operating profit by 43% compared to 2017.

Temple Inns

The company also operates its own merchandise shop adjacent to the pub, where it sells a variety of luxurious Irish goods.

The report said that the group, which sees up to 20 live music sessions a week and charges €6.90 for a pint of Guinness, recorded a profits increase of 20% to €13.12 million.

The group’s cash reserves also increased from just under €5 million in 2017 to €7.55 million last year.

According to the directors’ report, the company traded strongly during the year having benefitted from new outlets for the retail business.

It also increased the number of people under its employ, with the newest records showing a staff increase of 11 people, with staff costs increasing to €3.87 million.

© 2019 Hospitality Ireland – your source for the latest industry news. Article by Aidan O’Sullivan. Click subscribe to sign up for the Hospitality Ireland print edition.

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