Pre-tax losses treble at Wright group ahead of food hall plan
Michael JF Wright's hospitality group, which plans to open up a new food hall at Suffolk Street in Dublin city centre next year, recorded a pre-tax loss of €1.2m last year.
New consolidated accounts lodged by The Wright Bar Group show pre-tax losses increased almost three-fold from €419,809 due mainly to an exceptional cost. Revenues declined marginally to €16.31m from €16.87m in the 12 months to the end of June last year.
The group ceased operating the loss-making Wright nightclub venue in Swords last January. Other units of the business continue to trade profitably and this is expected to continue into the future.
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