Irish Chocolatier Lily O’Brien Sees 36% Profit Decrease In 2018

By Donna Ahern
Irish Chocolatier Lily O’Brien Sees 36% Profit Decrease In 2018

Lily O'Brien has reportedly posted a 36% profits decrease to €2.1 million in 2018.

The luxury chocolate manufacturer also reported that its operating profits fell by 28% to €2.9 million during the period, which it attributed to higher costs reports the Irish Times. 

The company also recorded a post-tax profit of €1.75 million after paying €354,995 in corporation tax, the newspaper said.

The Irish chocolatier profits last year takes account of 'combined non-cash depreciation and amortisation costs of €1 million.'

Based in Co. Kildare, the company which was founded by Mary O'Brien in the 1990's, was acquired in January last year by a Polish confectionary giant Colian Holdings for an estimated €40 million.

© 2019 Checkout – your source for the latest Irish retail news. Article by Donna Ahern. Click subscribe to sign up for the Checkout print edition. 

ADVERTISEMENT

Stay Connected With Our Weekly Newsletter

Processing your request...

Thanks! please check your email to confirm your subscription.