The Irish arm of Boots has reported pre-tax profits of €24.1 million in 2018, it has been reported.
According to the Irish Independent, the group’s recent accounts show that its profits rose by 12% in the 12 months ending August 2018.
The company said it delivered its strong performance as a result of new store openings, good retail trading and strong pharmacy volumes.
Boots added that its performance was partially offset by the impacts of the snow and storms at the beginning of the year.
Revenue & Profit Growth
“We are delighted to have had another good year of growth for Boots Ireland, delivering both revenue and profit growth,” Bernadette Lavery, managing director, said.
"Since our first store opening in 1996, we have grown our footprint in Ireland and we now employ over 2,000 colleagues.
“We continue to build on recent progress and invest in retail pharmacy in Ireland, rolling out new pharmacy services and new beauty content.”
Last year, Boots operated 87 stores across Ireland, with staff costs totalling €65 million.
© 2019 Checkout – your source for the latest Irish retail news. Article by Aidan O’Sullivan. Click sign-up to subscribe to Checkout.