Molloys back in profit
With Operating Profits jumping to €586,917 from €114,505, the company returned to profit with a declared a pre-tax profit of €140,501, a considerable improvement on the previous year’s pre-tax loss figure of €1.8 million (following pre-tax profits of €20,458 in the year to the 31st of January 2019).
Staff numbers were reduced during the pandemic from 105 to 91. This figure comprised 71 bar, off-licence and catering staff, six production staff (up from five the previous year) and 14 admin staff.
Altogether, staff costs fell 20 % from €3.2 million to €2.6 million during Molloy’s financial year.
Remuneration for the Directors (Kevin, Helen and Richard Molloy and Helen Murray) amounted to €190,034, up 3% on the previous year’s €184,342 figure.