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Nolans of Clontarf Posts €1.05m Profit In Year To June 2013

Nolans of Clontarf has posted a profit after tax of €1.05 million in the year to 30 June 2013, according to accounts just filed by the company.

The independent supermarket business, which trades from a site on Vernon Avenue in Clontarf, saw its profits rise by 5.6% since the previous year, when it posted a profit of €995.5k.

According to the directors' report, the company has "maintained excellent profitability levels in a challenging sector".

The directors said that principle risks and uncertainties affecting the business include the fact that it is "competing against large multinational organisations, so there is constant pressure on profit margins."

The business had assets of €3.44 million in the period, according to the accounts.

© 2014 - Checkout Magazine by Stephen Wynne-Jones

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