New consolidated accounts lodged by The Wright Bar Group have revealed that Michael JF Wright's hospitality group recorded a pre-tax loss of €1.2 million last year.
Meanwhile, the group's revenues declined from €16.87 million to €16.31 million during the year that ended on June 30 last year, as reported by The Irish Independent.
The group ceased operating its loss-making Wright Venue nightclub in Swords, Co. Dublin, last January, but other units of its business continue to trade profitably and the group expects this to continue going forward.
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The group's portfolio currently includes eateries Hogs & Heifers, Wright's Café Bar Swords and Findlater.
The group is also planning to open a new food hall on Dublin's Suffolk Street in 2020.
© 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.