Nolan's Sees Profits Increase Last Year
Published on Feb 2 2015 6:32 PM
Independent supermarket Nolan's of Clontarf saw its profits rise to €1.29 million last year, up from €1.05 million a year earlier, according to accounts just filed.
Accounts filed for Nolans Supermarkets Limited, for the year to 30 June 2014, said that the retailer, on Dublin's Vernon Avenue, "has maintained excellent profitability levels in a challenging sector."
In terms of principal risks and uncertainties facing the business, it added that Nolans is "competing against large multinational organizations, so there is constant downward pressure on profit margins."
Nolans employs a total of 133 people, with its wage bill coming in at €3.4 million, slightly down from last year. Directors for the company include Richard Nolan, Winnifred Nolan, James Duffy and Pat Kenny.
Last year, the retailer made a planning application to construct a 'part two-storey part three-storey building in front of the supermarket building', as well as expand the size of the supermarket itself.
© 2015 - Checkout Magazine by Stephen Wynne-Jones