Get the app today! Download iPhone App Download Android App


Irish Arm Of Nando's Records 7% Increase In Operating Profits

Published on Nov 26 2020 11:56 AM in Restaurant tagged: Trending Posts / nandos / Nando's Chickenland Ireland Ltd

Irish Arm Of Nando's Records 7% Increase In Operating Profits

New accounts for Nando's Chickenland Ireland Ltd have revealed that the company's operating profits increased by 7% to €4.54 million last year.

Meanwhile, the company's pre-tax profits decreased by 30% to €2.7 million due to interest costs and foreign exchange loans that amounted to €1.76 million; the number of people employed by the company decreased from 459 to 454; staff costs increased from €9.28 million to €9.3 million; pay to directors amounted to €225,042; and the company's post-tax profits amounted to €2.43 million following a corporation tax bill of €351.042, as reported by

Additionally, the company's cash increased from €18.45 million to €22.19 million.

Non-Cash Depreciation Costs And Amortisation Of Fixed Assets

The company's profits for last year take account of non-cash depreciation costs of €1 million and amortisation of fixed assets of €676,150.

Accumulated Profits

At the end of February of 2020, the company had accumulated profits of €19.5 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.

Share on Facebook Share on Twitter Share on LinkedIn Share via Email