Louis Fitzgerald’s Burtse profits up 2%

Burtse, the largest portfolio in the Louis Fitzgerald Group, enjoyed a 1.7% rise in pre-tax profits to €8.03 million in the year to the 30th June 2017, up from the previous year’s €7.89 million according to documents lodged with the Companies Office.

Accumulated profits rose 8% to €6.58 million while turnover at Burtse – which owns a number of prominent licensed premises including Kehoe’s pub in Dublin’s South Anne Street, The Stag’s Head in Dame Lane and the Louis Fitzgerald Hotel on the Naas Road as well as the Quays bars in Dublin’s Temple Bar and Galway – was up 5.3% to €60.47 million, bringing in an Operating Profit of €11.79 million, roughly in line with the previous year.

Staff costs (including wages and salaries, social insurance costs and defined contributions for all employees as well as directors Louis and Helen Fitzgerald) totalled €15.396 million, up 9% from €14.128 million the previous year for Burtse’s 706 employees.

The number of employees rose 15% during the year and now includes 660 in bar/operations (up 88), 22 in management (down from 36 the previous year) and six in hotel management. The number employed in Burtse’s Administration has risen substantially, from four to15 during the year.

Directors’ emoluments increased slightly to €435,962 for the year and a dividend of €60,000 was also paid out.

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