Tuesday, February 9, 2010 Previous editions
Friday, November 27, 2009
BAKERS Johnston Mooney & O’Brien saw pre-tax profits fall 35% last year to €1.1 million.
Turnover, however, increased from almost €35m to €38.4m.
According to accounts just filed the directors said the results for the year to the end of December 2008 and the financial position at the year end were satisfactory.
They added that they do not foresee any significant changes in the core business activities of the firm for the foreseeable future.
"The future success of the company is based on its ability to win new and maintain existing business and maintaining expenditure in line with sustainable revenue streams. In addition to growing revenues, the company also puts a strong focus on cost control, spending is reviewed on a monthly basis," the accounts read.
The company said it is very difficult to determine the financial impact of the economic downturn on the company.
The directors do not recommend the payment of an ordinary dividend.
The number of people employed by the bakers fell from 176 in 2007 to 172 last year.
Even with the decrease, the total wage bill for the year came to €8.5m from €8.6m in 2007.
Directors’ remuneration was up from €224,234 to €260,302. The directors are listed as Denis O’Connor, Patrick Cox, Michelle Brennan and James Denis Hyland.
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