Saturday 16 December 2017

Musgrave pays out a dividend of €19m

ACCOUNTS

CORK-based Musgrave SuperValu Centra paid a dividend of €19m to shareholders in 2009. It came despite a 7.1pc fall in overall sales, according to accounts filed for the 12 months to the end of December.

Pre-tax profits fell from €84m to €78m. The company said turnover was hit particularly hard by last year's 12pc fall in the value of sterling against the euro. Musgrave generated €1.5bn in sales in the UK, compared to €2.7bn in the Republic. On a constant currency basis Musgrave said the decline in total sales was just 3.4pc.

Passenger figures at Galway Airport fall

travel

PASSENGER numbers at Galway Airport fell by 27.6pc in 2009, accounts filed with the Companies Registration Office show. Corrib Airport had a turnover of €4.5m and generated a loss of just under €70,000. Aer Arann is currently the only operator with scheduled flights into Galway. The airport received €960,000 in aid from the Government in 2009, down from around €1.2m the previous year.

Irish Independent

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