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Brown Thomas rings up €6.1m

LUXURY Irish department store Brown Thomas recorded a 13pc operating profit, boosted by its flagship Dublin base.

The group recorded a profit of just below €6.1m for the year, according to latest accounts for Carlow Investment Company Ltd.

Although turnover fell by 0.9pc to €140.7m, the positive profit performance came from strict cost-reduction measures.

Interest income of €503,577 left the company with a pre-tax profit of €6.6m.

When the sales from in-store concession operators were included, the turnover figure was flat at €206m and the retailer paid corporation tax of €1.2m.


Managing director Stephen Sealey said that BT went "ruthlessly after costs that don't affect our customers".

Brown Thomas operates stores in Dublin, Cork, Galway and Limerick and three BT2 outlets.

Mr Sealey said that the Dublin area is performing strongly for Brown Thomas and revenues were up year-to-date by a "mid single digit" percentage.

The store's Christmas window display opens this weekend along with the seasonal Marvel Room where there are products "from €5 all the way up to a €2m diamond", which, according to Mr Sealey, is being coordinated with Tiffany.