Mercantile Entertainment ups 2019 turnover

Bar, restaurant, nightclub & hotel operator Mercantile Entertainment Group saw turnover increase by 21% to €36.2 million in the year to the 31st of December 2019 according to a Financial Statement from Mercantile’s holding company ‘Ardan Advisory and subsidiary companies’.

 

The Group, which owns a number of outlets including Café en Seine, Whelan’s and The George in Dublin, saw a significant rise in pre-tax profits to €2.0 million from €257,937 in the previous financial year to the 31st of December 2018.

The company declared a substantial rise in Operating Profit to €3.1 million from 2018’s figure of €968,091.

Staff costs for the 337 staff employed (up 25 on 2018) were up 21% to €11.1 million from €9.2 million.

The company’s directors received no financial remuneration during the financial year.