KFC’s Irish arm posts losses of nearly €470k

THE company that operates the Kentucky Fried Chicken (KFC) franchise across Ireland fell into the red last year after sustaining after-tax losses of €469,722.

Documents filed with the Companies Office show that Herbel Restaurants (Ireland) Ltd recorded a 10% drop in operating profits – from €5.1 million to €4.6m – in 2009. However, the firm – which operates 18 KFC outlets in Ireland – sustained the after-tax loss after bank loan repayments of €3.5m and the loss of €1.1m on the sale of a fixed asset were recorded. The figures show that the company’s revenues declined, last year, by 4.5% – from €24.4m to €23.3m.

The directors stated that “despite the economic conditions, the KFC franchise business continues to trade well”.