Pre-tax profits fall 86% for Hogan’s & L’Gueuleton owner

Pre-tax profits at Telfer, owner of such hospitality outlets as Hogan's pub and L'Gueuleton restaurant as well as Kelly's on South Great George's Street in Dublin's city centre, fell in the year to the 31st of May 2020 by 86% to €260,140 from €1.8 million the previous financial year.

Total turnover for the year amounted to €7 million, down 23% from the previous year’s €9.1m figure.

Operating profits in the year were also down by 78% to €431,712 from nearly €2 million the previous year according to Telford’s Directors Report & Financial Statements for the financial year lodged with the Companies Registration Office.

Staff numbers reduced from 111 to 95 (comprising 84 sales & 11 management) which was accompanied by a 10% reduction in staff costs during the year to €2.5 million from €2.8 million.

Directors remuneration for the three directors – Declan O’Regan, Maeve O’Meara and Jacob Koshy Kalaparampil – amounted to €315,644, up nearly 4% from the previous year’s €304,100 figure.