Business Latest News

Wednesday 27 August 2014

Loss-making ''Queen's' fishmonger says 'tourists don't buy fish'

Gordon Deegan

Published 12/06/2014 | 02:30

  • Share
‘Royal’ fishmonger Pat O’Connell

The man who featured in some of the most memorable images of Queen Elizabeth II's State visit to Ireland in 2011 today lamented "tourists don't buy fish".

  • Share
  • Go To

Pat O'Connell, pictured, was commenting on accounts recently filed by family-business Kay O'Connell Ltd that show the company recorded losses of €85,786 in the 12 months to the end of June 2013 and this followed pre-tax losses of €75,470 in 2012.

The business has been selling fresh fish in Cork's English Market for over 50 years and Mr O'Connell said that the losses arose from exceptional costs and pointed out that revenues remained steady at €2m per annum over the two years.

Mr O'Connell said that "the fundamentals of the business are very strong. We have maintained our sales figures and I am hopeful we will return to profit this year".

The Corkman said the profile the business received from the meeting with the queen "has been fantastic, but tourists don't buy fish".

Mr O'Connell said: "It is difficult to know if the Queen's visit has translated into cash – we have opened a new smokehouse and will be exporting produce from it to the UK and we hope to see some benefit from that."

Indo Business

Read More

Editors Choice

Also in Business