McKillen Press Up group profits soar
Published 18/11/2016 | 02:30
DUBLIN'S booming nightlife scene has helped operating profits at Paddy McKillen Jnr's hotel, restaurant, pub and nightclub entertainment group to almost double to €5.1m.
The Press Up Entertaiment group is owned by Paddy McKillen Jnr and Matt Ryan and profits last year soared as the group increased revenues by 36pc to €42.9m.
McKillen's Irish entertainment business has expanded rapidly in recent years and the accounts for Orsen Ltd include the revenues of McKillen's Wagamama restaurants here along with the revenues at the Everleigh Garden nightclub on Dublin's Harcourt St.
A Press Up spokeswoman said that the key factor in the revenue increase for 2015 is due to The Dean hotel's first full year of trading.
"We are very happy with the group's trading and increased profits for 2015 and we are proud to have brought some great new venues to fruition like Angelina's, Percy Place and union Café, Mount Merrion," she said.
The group is in expansion mode at the moment and for the year ahead, the group is planning the expansion of the Wowburger brand and the opening of the Stella Cinema, Rathmines, a boutique hotel in Ranelagh, a hotel in North Wall Quay, a new pub on Angier Street and Dollard House & Co, a boutique food market with two restaurants and a bar in Temple Bar. The group's employs 1090. Orsen's pre-tax profits last year almost doubled from €986,901 to €1.88m.