Dropping Well increases profits
Profits at Millton Inns, holding company for Charlie Chawke’s Dropping Well pub in Milltown, showed an 8.6% rise in profits to €3.38 million in the year to the 31st May 2016 from €3.31 million the previous year according to the abridged set of accounts lodged with the Companies Office. As of 31st May 2016 the company’s accumulated cash stood at €634,715, up from the previous year’s €488,755 figure. Staff numbers at the pub remained steady at 59 but staff costs fell from €1.597 million to €1.576 million.
At the same time Directors Charlie and Bernice Chawke’s remuneration fell by one-third from €54,118 to €35,817.