Pre-tax profits up 8% for Temple Bar owners

Temple Inns, the holding company behind The Temple Bar pub, recorded a 7.5% increase in pre-tax profits  to €6.1 million in the year to the 31st of October 2019, up from 2018's €5.6 million (itself up 72% on the 2017 figure of €3.3 million) according to the Consolidated Financial Statement lodged with the Companies Office.

 

The group traded strongly during the financial year with the benefit of new outlets for the retail business so that total turnover hit €23.1 million last year, up 7% from the previous year’s turnover figure of €21.6 million.

At €6.6 million Operating Profits were up 18%, with Staff costs (wages, salaries & pension payments) for the 81 staff (including the two directors Tom & Jackie Cleary) up 5.4% to €4.1 million from €3.9 million the previous year.

Remuneration and pension contributions taken by the two directors totalled €346,325, nearly 3% more than the previous year, resulting in the Group declaring profits of €5,254,092 for the financial year, up 25.6% on the previous year’s €4,182,816 figure.