Business

Thursday 21 August 2014

D&N enjoys €177,327 profit growth

Published 14/09/2013 | 05:00

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ALL of that wise economic chat at one of Ireland's most storied pubs must be rubbing off on the owners as profits at Doheny & Nesbitt last year nearly topped €200,000, Gordon Deegan writes.

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Doheny & Nesbitts on Dublin's Baggot Street was the first pub in Ireland to exchange hands for over £1m in 1987 when the Mangan brothers, Tom and Paul, bought the premises.

A favourite haunt of politicians and home to the 'Doheny & Nesbitt School of Economics', the pub has more recently attracted the likes of stars Rihanna and Bruce Springsteen.

Speaking yesterday, general manager of the Mangan Group, Niall Courtney, said that last year, Doheny & Nesbitt enjoyed "a solid year where it recorded organic growth. We are happy with how the year went."

According to accounts, accumulated profits climbed by €177,327, from €2.03m to €2.207m, in the 12 months to the end of January this year. This followed accumulated profits at the firm increasing by €233,368 to €2.03m the previous year.

Irish Independent

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