Publican Chawke toasts €1m earnings at Orchard
Earnings at the Orchard Inn in Dublin - the country's most expensive pub - last year topped €1m.
It is now 12 years since one of the country's best-known publicans, Charlie Chawke, purchased the pub in Rathfarmham for €22m - setting a record which has yet to be broken here.
Yesterday, Mr Chawke said that the business at the pub last year "went from strength to strength". "I'm very happy with how the pub is doing," he said. However, he admitted that it may be for the next generation to recoup the investment in the pub.
Mr Chawke said that he doesn't expect the record price for the pub to be broken anytime soon.
He said that his daughter Ali, who operates the pub, "is doing a great job along with all of the staff there". Ali is just one of five Chawke adult children involved in running pubs across the group.
Mr Chawke was commenting on new accounts just filed by Orchard Inn Ltd which show that the company recorded earnings before interest, tax, depreciation and amortisation (ebitda) of €1.09m last year.
The earnings represented an increase of 23pc on the earnings of €889,503 enjoyed in 2016. The firm recorded a post-tax profit of €349,372 in the 12 months to the end of October last - more than twice the post-tax profit of €156,015 in 2016.
The company's cash pile increased to €698,730 while the book value of the pub is €20m.