Business Irish

Wednesday 28 June 2017

Turnover falls at Topaz but fuel firm reverses loss to make €2.3m profit

Topaz, Ireland's leading fuel and convenience retailer, has announced Carlow man Joseph Murphy as the August winner of Topaz PLAY or PARK. After choosing to PLAY his points, Joseph is gearing up for the road-trip of a lifetime, with his wife Amanda, across America's infamous Route 66. Over 375,000 customers have signed up to play Topaz PLAY or PARK, the loyalty game which allows customers collect points every time they refuel or make a purchase at participating Topaz stores.
Topaz, Ireland's leading fuel and convenience retailer, has announced Carlow man Joseph Murphy as the August winner of Topaz PLAY or PARK. After choosing to PLAY his points, Joseph is gearing up for the road-trip of a lifetime, with his wife Amanda, across America's infamous Route 66. Over 375,000 customers have signed up to play Topaz PLAY or PARK, the loyalty game which allows customers collect points every time they refuel or make a purchase at participating Topaz stores.

Paul O'Donoghue

Irish fuel chain Tozpaz made a profit of €2.3m in the 12 months to the end of March, reversing a near €5m loss the year before.

Accounts just filed with the Companies Registration Office for its 2015 financial year show that revenue at the firm fell slightly from €3.05bn to €2.95bn, with Irish sales dropping from €2.73bn to €2.53bn. The company said that the drop was mainly due to a reduction in commodity prices.

However, earnings before deductions increased from €23.7m to €26.1m while the amount of interest it paid out on loans and related charges fell by about €3m. The firm made a full-year profit of €2.25m compared to a loss of €4.84 the year before.

Topaz is owned by businessman Denis O'Brien. Mr O'Brien is also the largest shareholder in Independent News & Media, which owns this newspaper.

The number of people employed by Topaz rose from 1,512 in its 2014 financial year to 1,564 in 2015. A spokesman for the group said that the business is performing well and is benefiting from a "substantial investment which has been made over the past 12 months".

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