Dunnes Stores UK Arm Returned To Profit Last Year
Dunnes Stores UK business reportedly returned to profit in 2018, reporting a pre-tax profit of £700,000 (€779,000).
The Irish retailer operates 15 stores across the Northern Ireland.
The Dunnes Stores (Bangor) Ltd firm covers the activities of its stores in Northern Ireland, England and Scotland.
Last year, its Bangors firm recorded a post-tax profit of £1.597 million, after receiving a corporation tax credit of £897,000, reports the Irish Independent.
The family-owned retailer in 2018 shut down all of its stores in England and Scotland.
According to the Irish Independent its accounts show that revenues at the company last year declined by 5% to £107.23 million, from the revenues of £113.43 million recorded in the prior 53-week period.
The latest figures from Kantar showed Dunnes Stores has held steady as Ireland's top supermarket for the 13th month in row, during the 12 weeks to 8 September 2019, as shoppers stocked up on September staples.
Dunnes achieved the second fastest growth during the past 12 weeks at 5.8% and attracted an additional 38,000 shoppers compared with this time last year.
© 2019 Checkout – your source for the latest Irish retail news. Click sign-up to subscribe to Checkout.