Tuesday 23 January 2018

Ann Summers posts attractive figures

Jacqueline Gold, chief executive officer of Ann Summers Ltd.
Jacqueline Gold, chief executive officer of Ann Summers Ltd.
Jacqueline Gold, chief executive of Ann Summers

Gordon Deegan

Gain on currency movements rather than rocketing sales of 50 Shades of Grey-style accessories had the Irish arm of Ann Summers returning to profit last year.

New figures lodged by Ann Summers' two Irish firms show pre-tax profits of €278,991.

The firm operates three stores in Ireland with the Dublin store the best performing of the three.

The profit in 2014 followed the firms recording a combined €422,195 loss in 2013.

However, revenues fell by over €600,000 to €3.22m in the 12 months to the end of June last.

A spokeswoman for Ann Summers, whose chief executive is Jacqueline Gold, said yesterday that the best sellers at its Irish stores were The Ultimate Indulgence Couples Sex Toy Set; Desire Lingerie; Satin and Lace Blindfolds; Chinese Rope Restraints and The Mighty One.

Combined accumulated profits at the two Ann Summers' firms, Ann Summers Ireland (Retail) and Ann Summers (Ireland) totalled €7.38m.

Revenues at Ann Summers Ireland (Retail) fell from €2.83m to €2.38m.

In the same period, the firm's pre-tax losses reduced from €90,270 to €29,755.

Ann Summers (Ireland) recorded pre-tax profits of €308,745 following a pre-tax loss of €331,399 in 2013.

The return to profit came in spite of revenues decreasing by 20pc from €1.05m to €839,087.

The return to profit for the two firms follows the firms recording €516,589 gain on foreign exchange movements compared to losses of €448,051 under the same heading in 2013.

Irish Independent

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