Thursday 22 March 2018

Aramark profits rise 17pc to €5.8m

Aramark health and wellness ambassador Katie Taylor
Aramark health and wellness ambassador Katie Taylor

Gordon Deegan

Operating profits at the Irish arm of integrated services group Aramark rose by 17pc to €5.8m ast year as revenues increased.

Accounts recently filed by Aramark Ireland Holdings and subsidiaries show that revenues increased by 4.5pc to €233m.

The group employs 4,061 and according to the directors' report, turnover has increased on food service and facilities management.

The firm increased its operating profits in spite of incurring €1.95m in costs arising from a restructuring programme.

The Irish arm of the US firm paid dividends of €3m and this followed a payout of €3.5m in 2013. The accounts show that 82pc or €190m of revenues were recorded in Ireland with 11pc in UK and 7pc in 'other' countries.

The principal activities of the firm is the provision of integrated services including on-site catering, cleaning, facilities, energy and property management services.

The firm's operating profits were reduced sharply by €3.83m and the firm recorded pre-tax profits of €90,000 and this compared to pre-tax profits of €1.74m in 2013.

A tax charge of €1.86m resulted in a post tax loss of €1.77m for the year.

The group had a shareholder's deficit of €6.27m. The group's cash pile decreased from €2.9m to €2.39m.

Irish Independent

Business Newsletter

Read the leading stories from the world of Business.

Also in Business