Pre-tax losses of €216K for Molloy Holdings

Molloy Holdings, Kevin Molloy’s off-licence, pub and property group, suffered pre-tax losses of €216,221 in the year to 31st January 2011 on a turnover of €24.05 million, 8.5 per cent down from the previous year’s figure of €26.28 million.

The previous year’s pre-tax losses were stated as being €7.65 million but were the result of a revaluation of property in the Molloy Holdings’ portfolio.