Kylemore back in the black as contracts boost growth
CATERING company Kylemore Services moved back into profit last year, as the company was boosted by growth in its contract business.
The company, which runs the Kylemore Cafe chain as well as doing contract catering, said it made a profit after tax of €537,994 on revenue of €30.24m. The accounts cover the 12 months to March 31, 2011.
While the revenue figure was in line with the previous year, the profit compared to a €1.6m loss in 2010, mainly due to a reduction in administrative expenses.
Staff levels climbed by 20 to 624, resulting in a 3pc increase in staff costs to €11.65m.
Company chief executive Brian Hogan said the group's performance was strong.
During the year, the group won a number of catering contracts including UCD and Microsoft Ireland. It also changed its name from Kylemore Foods Holdings Ltd.