Ireland's summer brolly days help Sunway's travel business
Published 07/10/2016 | 02:30
Ireland's rainy summer of 2015 year helped the Dublin-based Sunway Travel firm to increased its revenues by 10pc.
The ceo of Sunway Travel, Tanya Airey,said yesterday that our "mixed summer" last year helped her business.
"It helps with last minute bookings where obviously the prices are higher. People in the travel business must be the only ones smiling when the weather is bad."
Ms Airey was commenting on new accounts which show that pre-tax profits at the firm in the year to the end of October last decreased by 32pc to €471,224 in spite of the increase in revenues.
The firm's gross profit last year went up from €4.27m to €5.58m.
Ms Airey said that business last year was "steady" and was "steady" again this year.
She said: "We are happy with the way business has been the past couple of years." Pre-tax profits dropped due to an increase in administrative expenses. Numbers employed increased from 56 to 59 with staff costs increasing to €2.62m.
Remuneration for Ms Airey and fellow directors Brian McGovern, James Furlong and Philip Airey last year increased from €570,011 to €797,005.
The cash pile increased from €5.68m to €6.1m.
The company halted flights and packages to Tunisia in north Africa last year following a terrorist atrocity.
Ms Airey said that the firm would consider reintroducing its Tunisia programme in the future, but will definitely not be doing so until the Department of Foreign Affairs changes its travel advice on Tunisia.
The Department is currently advising against non-essential travel to Tunisia.