Business Irish

Monday 25 September 2017

Car rental firm hires 12 staff as profits soar 60pc

Gordon Deegan

PROFITS at one of the country's largest car rental groups surged by almost 60pc last year, enabling the company to hire an extra 12 people.

Accounts just filed by Dan Dooley Group Ltd show that before tax, profits came in at €558,536 in the year to November 30, 2011, up 59pc on 2010's results. "We are happy with our performance last year," chairman Dan Dooley said, noting the "tough trading conditions".

Mr Dooley said the group has employed an additional 12 people this year to staff its operations at Terminal 2 in Dublin Airport, bringing the numbers now employed by the group to 82.

Mr Dooley said that the group is anticipating profits and revenues will increase by 10pc this year.

He said said the increase in volume of business along with a continuing cost-reduction programme were the factors behind the increased profits.

The figures show that the firm's operating profits last year increased by 64pc from €358,940 to €589,389.

However, net interest payments totalling €30,853 reduced the firm's profits to €558,536.

Irish Independent

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