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Retail Intelligence

Nolan’s of Clontarf Sees Profits Rise In 2015

Nolans Supermarkets Limited, the company that operates Nolan’s in Clontarf, has posted profits for the year to end 30 June of €1.48 million.

This is an increase on the €1.29 million posted by the company the previous year.

Net cash inflow from operating activities stood at €1.4 million, up from €1.2 million the previous year. The business employed a total of 130 people during the period.

In their report, directors of the company said that the company has “maintained excellent profitability levels in a challenging sector”.

They noted the fact that the business is “competing against large multinational organisations, so there is constant downward pressure on profit margins.”

The directors paid a dividend amounting to €67.8k.

© 2016 - Checkout Magazine by Stephen Wynne-Jones

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