Molloys pre-tax profits down
The Molloy Group made an Operating Loss of €17,645 the year compared to an Operating Profit of €158,184 in the previous year.
Turnover at Molloy Holdings, the company behind the Molloy’s Off-Licence chain and Molloy’s Bar & Grill in Tallaght, was marginally up to €17.3 million on the previous financial year’s turnover of €17 million in the 12 months to 31st January 2019 according to filings lodged with the Companies Office.
However pre-tax profits at the company were only €20,548 as against €289,005 the year previously (which were down 52% on 2017).
The company made an Operating Loss of €17,645 during the year compared to an Operating Profit of €158,184 in the previous year through heavier distribution costs and administrative expenses.
During the year average monthly staff numbers increased 4% to 109 from 105 while staff costs rose by 6% to €3,177,111 from €2,988,952.
Emoluments for Molloy Holdings’ Directors Kevin, Helen & Richard Molloy as well as Helen Murray rose slightly from €154,178 to €157,387.
