Bewley profits up despite difficulties

CATERING group Campbell Bewley has reported a rise in pre-tax profits for 2002.

The privately held company said that pre-tax profits for 2002 rose from €4.9m to €5.6m despite a challenging worldwide economic environment.

Chief executive John Cahill said 2002 was a difficult year with increases in energy costs, high street rents and insurance premiums. Turnover for the year was down slightly at €134.5m.