Chef Domini Kemp in profit amid tough trading
The restaurant and food retail business operated by celebrity chef Domini Kemp recorded a cash profit last year as margins remained tight.
The itsa brand - established by the food writer and her sister, Peaches, in 1999 - operates 18 outlets across Dublin and Cork, employing 90 full-time staff.
The business includes seven Itsa outlets and new accounts show that accumulated losses at Itsa Bagel rose from €30,162 to €140,925.
The €110,763 increase in losses takes account of non-cash depreciation and value write-off costs of €194,058.
In an interview, Ms Kemp said: "Business was challenging last year, domestic spend continues to remain a problem, but the new openings in the National Gallery, Joes, Harvey Nichols & Exchequer Street were very positive developments for the company."
Ms Kemp said that numbers employed can peak to over 150 during summer when wedding season is in full swing.
She disclosed that the business has made a decision to close its Fitzwilliam Lane branch this week "due to rent increases that are unsustainable".
Ms Kemp confirmed that the overall business recorded a cash profit last year.
Ms Kemp said the current year "has been another challenging year and margins remain tight. We have worked very hard to innovate and create new and exciting brands".