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Pre-tax loss of €1.5 million at Dillon’s

Restructuring costs (including employee- and property-related costs) of over €2 million resulted in a pre-tax loss of €1.5 million at Edward Dillon & Co in the year to September 30th 2010 compared to a pre-tax profit of €3.5 million the previous year.

Sales at the wine and spirits distributor were down 13 per cent from €106.7 million to €93.1 million resulting in a 47 per cent fall in operating profits from €1.1 million to €586,000.

A 29 per cent reduction in staffing from 97 to 69 during the year helped reduce payroll costs by 24 per cent from €6.3 million to €4.8 million. This reduced the numbers in Selling & Distribution from 61 to 38 while those in Warehousing fell from 23 to 19.

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