Business Irish

Wednesday 22 February 2017

Aramark profits rise 17pc to €5.8m

Gordon Deegan

Published 05/08/2015 | 02:30

Aramark health and wellness ambassador Katie Taylor
Aramark health and wellness ambassador Katie Taylor

Operating profits at the Irish arm of integrated services group Aramark rose by 17pc to €5.8m ast year as revenues increased.

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Accounts recently filed by Aramark Ireland Holdings and subsidiaries show that revenues increased by 4.5pc to €233m.

The group employs 4,061 and according to the directors' report, turnover has increased on food service and facilities management.

The firm increased its operating profits in spite of incurring €1.95m in costs arising from a restructuring programme.

The Irish arm of the US firm paid dividends of €3m and this followed a payout of €3.5m in 2013. The accounts show that 82pc or €190m of revenues were recorded in Ireland with 11pc in UK and 7pc in 'other' countries.

The principal activities of the firm is the provision of integrated services including on-site catering, cleaning, facilities, energy and property management services.

The firm's operating profits were reduced sharply by €3.83m and the firm recorded pre-tax profits of €90,000 and this compared to pre-tax profits of €1.74m in 2013.

A tax charge of €1.86m resulted in a post tax loss of €1.77m for the year.

The group had a shareholder's deficit of €6.27m. The group's cash pile decreased from €2.9m to €2.39m.

Irish Independent

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