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Island in the sun: Fashion retailer profits jump by 53pc to €4.89m

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New accounts show pre-tax profits at River Island Clothing Company (Ireland) increased in spite of revenues declining by 15pc from €84.39m to €71.43m in 2018

New accounts show pre-tax profits at River Island Clothing Company (Ireland) increased in spite of revenues declining by 15pc from €84.39m to €71.43m in 2018

New accounts show pre-tax profits at River Island Clothing Company (Ireland) increased in spite of revenues declining by 15pc from €84.39m to €71.43m in 2018

Pre-tax profits at the Irish arm of fashion retailer River Island increased by 53pc to €4.89m in 2018.

New accounts show pre-tax profits at River Island Clothing Company (Ireland) increased in spite of revenues declining by 15pc from €84.39m to €71.43m in 2018.

The company operates 24 stores employing 741 staff, and staff costs totalled €10.3m.

According to the directors, "overall, trading was stable". The company paid a dividend of €10m.

Its pre-tax profits take account of non-cash depreciation costs of €1.16m.

Irish Independent