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Setting a high bar: Profits soar to €14.1m at Louis Fitzgerald group 

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Director: Louis Fitzgerald at the bar in The Stag’s Head pub in Dublin Photo: David Conachy

Director: Louis Fitzgerald at the bar in The Stag’s Head pub in Dublin Photo: David Conachy

Director: Louis Fitzgerald at the bar in The Stag’s Head pub in Dublin Photo: David Conachy

The Louis Fitzgerald hotel and pub group last year saw its pre-tax profits more than double.

New accounts lodged by the group's holding company, Burtse Ltd, show that pre-tax profits across the group increased by 148pc to €14.1m. Revenues increased by 2pc to €71.39m in the 12 months to the end of June 2019.

A major factor in the sharp profit increase is that pay to the group's directors - Louis Fitzgerald and his wife, Helen - fell to €430,145 last year. They had been paid €6.8m in 2018.

On Monday, some of the group's businesses, including An Poitín Stil in Rathcoole, Co Dublin and The Louis Fitzgerald Hotel in Newlands Cross, reopened after the Covid-19 lockdown.

The group's central Dublin pubs - The Stag's Head, Kehoes, Bruxelles, The Gin Palace, Grand Central and The Quays in Temple Bar - will reopen on July 20.

The group's workforce increased by 94 to 892 last year.

Irish Independent