Business

Monday 23 September 2019

Dublin PR firm paid €1m dividend to shareholders

Murray Consultants - whose public relations clients include the Referendum Commission, Digicel, Ardagh Group and Tesco Ireland - has reported a 22pc rise in operating profits to €1.4m for the year ended December 31, 2017. Stock image
Murray Consultants - whose public relations clients include the Referendum Commission, Digicel, Ardagh Group and Tesco Ireland - has reported a 22pc rise in operating profits to €1.4m for the year ended December 31, 2017. Stock image
Donal O'Donovan

Donal O'Donovan

Murray Consultants - whose public relations clients include the Referendum Commission, Digicel, Ardagh Group and Tesco Ireland - has reported a 22pc rise in operating profits to €1.4m for the year ended December 31, 2017.

Profit before tax was €1.23m, and group turnover increased 6pc - to just over €5.5m in the year.

Managing director Pat Walsh said the business had benefited from investment over previous years in new areas including digital and creative services and a rise in clients' brand and sponsorship spending.

"Our new business pipeline was strong with notable wins across retail, motor, property and asset management. We anticipate further meaningful growth in 2018 based on a strong performance year to date," he said.

The company paid a dividend of €989,000 after the 2017 year-end and is debt free, having paid down a €400,000 loan back in 2016. The business employs 32 staff, rising to 37 including "ongoing consultants", Murray said. Salary costs rose in "mid-single digits" to around €2.6m.

Murray provides strategic communications services to a blue chip client base of national and international clients - including advising on stock market deals, mergers and acquisitions and restructurings.

Its consumer division, Murray Brand, is active in food and retail, tech and finance, lifestyle and beauty and motor and property.

Murray Creative, a digital and creative division is a relatively new part of the business.

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