Pre-tax profits are up at McCauleys
Published 10/09/2016 | 00:00
pre-tAX profits for the Wexford-headquartered Sam McCauley chain rose by more than 50 per cent to €2.98 million while revenues for the 12 months to the end of last September increased from €74.16m to €74.78m.
The group operates 30 outlets across the country, employing more than 528 staff.
In business for more than 60 years, it has a strong presence in counties Wexford, Carlow, Cavan, Cork, Dublin, Kerry, Kilkenny, Tipperary, Waterford and Wicklow.
The firm last year paid a €3m dividend to its shareholders, which followed a €500,000 payout to shareholders in 2014. According to the directors' report section of the recently-released accounts, '2015 was a year of consolidation and the directors are pleased with the performance achieved in a retail market that continued to be difficult outside the larger population areas'.
The report said the outlook for 2016 was 'better' and the group is 'well-positioned to benefit from the expected improvement in consumer confidence and spending.' The number of people employed by the group fell from 554 to around 528.