Fitzgerald group outlets see 21% rise in profits

Louis Fitzgerald’s pub, restaurant and hotel chain’s parent company Oscas Holdings reported a 21% rise in pre-tax profits to €4 million in the year ended 30th June 2013 on a largely unchanged turnover figure of €54.3 million.

Staff numbers, at 662, were much the same as the previous year (663) and cost the company €14.7 million in total.

Oscas Holdings, which runs some of Dublin’s most famous hostelries including the Stag’s Head, Grand Central, Kehoes and the Poitin Still at Rathcoole as well as pubs in Galway and hotels dotted around Dublin city, achieved an Operating Profit of €7.8 million during the course of the year, down slightly from 2012’s €8 million figure.

 

“Despite the current difficult economic climate the actions taken to reduce cost, introduce improved work practices and efficiencies and developing new marketing strategies to generate extra business will ensure that the business will continue to be profitable,” state the Directors Louis & Helen Fitzgerald in the report, “This will also ensure that when the current economic climate improves we will be in a strong position to take immediate advantage of improved circumstances.”