Pre-tax profits of €140k for Porterhouse Pubs
The company recorded pre-tax profits of €140,440 in the year set against pre-tax losses of €2.1 million the previous year.
While most of the income resulted from its Porterhouse and Porthouse outlets as well and its brewing and distribution business, over a quarter of its overall income came from its outlet in London.
RoI income was down 9.4% to €22 million while the London operation took in €7.7 million (5.3% more than the previous year).
This comprised a decline of 29% on food sales to €5.9 million from the previous year’s €8.3 million figure), but a rise of nearly 2% on drinks sales to €23.9 million from €23.4 million the year before.
The company recorded pre-tax profits of €140,440 in the year set against pre-tax losses of €2.1 million the previous year. At €790,023, Operating Profits were down 21% on the previous year’s Operating Profit figure of €1 million.
Despite an increase in the number of staff from 247 to 285, staff costs fell 6% to €8.8 million from €9.4 million the previous year (which included over €72,000 set aside for redundancies).
Remuneration for the two directors Elliot Hughes and Liam LaHarte was up to €447,179 from €330,726.
According to Elliot Hughes in a report in the Irish Times recently the Group lost 10% of its workforce to other sectors during the subsequent pandemic.
