Dillon’s pre-tax profits up 70%
Wine and spirit distributor Edward Dillon & Company recorded a 69% rise in pre-tax profits to €1.7 million in the year to 30th September 2015 from €989,000 on a slight drop in turnover to €56.3 million from €57.9 million according to its report and accounts lodged with the Companies Office recently.
Dillon’s managed to reduce its sales costs by just under €1.5 million at the company which distributes premium spirits and wines such as Hennessy Cognac, Bombay Sapphire gin, Jack Daniel’s and Dom Pérignon Champagne.
In the previous year, 2014, the company witnessed a 15% drop in turnover in the year to 30th September to €57.85 million from €68.48 million but at the same time the company managed to reduce its costs by 16% to €51.39 million to turn in a pre-tax profit of €989,000.
Edward Dillon & Company recorded a 69% rise in pre-tax profits to €1.7 million in the year to 30th September 2015 from €989,000 on a slight drop in turnover.
