Airport caterer's profits slip despite passenger growth
Sales and profits dipped at airport catering firm Gate Gourmet last year, despite a record 31.5 million passengers passing through Dublin Airport during 2018.
Gate Gourmet Ireland's main business is food manufacturing and in-flight catering facilities at the capital's airport.
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Pre-tax profits in the year to the end of December 2018 were €1.112m, down from €1.384m a year earlier.
Revenues at Gate Gourmet Ireland slipped slightly - to €20.512m from €20.59m. The directors' report stated that "the company continued to perform well in 2018".
The report added: "We are constantly seeking new opportunities and the directors hope to further expand the business in the foreseeable future and anticipate continued profitability in the coming year."
A new unit in Dublin is planned for completion in 2020, the accounts said.
The company's balance sheet show accumulated profits of just over €3m.
Shareholder funds increased to €7.6m.