Easons halves losses to €10m as retail revenue falls 5% in Republic

BOOKSELLER Eason’s managed to more than halve its total losses in its last financial year.

Latest accounts for Eason & Son Ltd show that the business – which operates more than 50 shops around the country – made a total loss of just under €10.1 million for the 12 months to the end of January. This was well down on the loss of €21.12m incurred during the previous financial year.

The accounts show that, on a pre-tax basis, the annual loss fell from €20.14m to just under €7m and turnover (excluding the effect of discontinued operations) fell by 10% to €306.2m. On an operating level, last year’s loss of €26.3m was converted into a profit of €786,000.