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Irish Arm Of KFC Experiences €854,893 Loss

Published on Mar 19 2020 1:48 PM in Restaurant tagged: KFC

Irish Arm Of KFC Experiences €854,893 Loss

New accounts filed by Scotco ROI Ltd have revealed that the Irish arm of KFC experienced a pre-tax loss of €854,893 during the year that ended on December 29, 2019.

The €854,893 loss followed a pre-tax profit of €474,941 the previous year.

The accounts also show that revenue decreased by 5% to €22.92 million during the twelve period that ended on December 29 of last year. However, a gross profit of €9.89 million was recorded for the period, as reported by The Irish Times.

Accumulated Profit And Cash Funds

Meanwhile, the company's accumulated profit for the twelve month period amounted to €499,288 and its cash funds increased from €1.06 million to €1.12 million.

© 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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