Telfer profits up

Operating Profits at Telfer Ltd, the company behind Dublin outlets Hogan’s, L’Gueuleton ad Kelly’s Hotel, saw growth of 11% to €1.22 million in the year to the end of May 2015 where they’d been €1.1 million the previous year.

 

The company, run by Declan O’Regan, showed a 5% rise in pre-tax profits to €967,962 from €919,507 the previous year.

However a revaluation of tangible fixed assets in April 2016 led to an unrealised deficit of €2.87 million overall set against a gain of €764,277 the previous year.

Staff costs across the outlets level-pegged at €2.29 million in the year to May 2015 with staff numbers dropping by two to 90. Directors’ remuneration came to €104,000 for the two directors, well down on €168,550 in 2014.