Rugby memoir boosts O’Mahony Booksellers profits

Rugby memoir boosts O’Mahony Booksellers profits

By Gordon Deegan

Sales of Munster and Ireland rugby legend Paul O’Connell’s autobiography helped boost profits at O’Mahony Booksellers last year.

Newly-filed accounts for the company — which has shops in Limerick, Tralee and Ennis — show a 26% rise in pre-tax profits, to €203,946, for the 12 months to the end of last February.

O’Mahony’s benefited from 2016 being a bumper year for book sales in Ireland, with overall nationwide sales value up 9% to €131m. Nielsen figures show that JK Rowling’s latest Harry Potter title, The Cursed Child sold nearly 70,000 copies in Ireland amounting to just over €1.3m in sales.

Paul O’Connell The Battle memoir was the only other title to break the €1m sales mark, selling 66,738 copies nationwide and taking just under €1.25m.

O’Mahony’s also benefited from bumper sales of Graham Norton’s debut novel, Holding which sold 51,814 copies nationwide, taking in just under €620,000.

Numbers employed by O’Mahony’s last year marginally decreased to 67 with staff costs increasing from €1.85m to €1.88m.

Pay for directors, Frank and Peter O’Mahony, decreased from €200,828 to €153,439.

The accounts show that the company has a contract with Peter O’Mahony to provide consultancy services and €95,000 was paid to him, in this regard.

The bookseller’s cash pile increased during the year going from €383,700 to €417,763 and its accumulated profits rose to €359,416.

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