Aramark profits rise 17pc to €5.8m
Published 05/08/2015 | 02:30
Operating profits at the Irish arm of integrated services group Aramark rose by 17pc to €5.8m ast year as revenues increased.
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.