Independent booksellers see operating profits fall 32%

OPERATING profits at independent bookselling chain O’Mahony’s fell last year by 32% to €189,795.

The chain operates four stores in Limerick, Tralee and Co Clare and the figures show that the company’s gross profit declined by 6% from €3.78 million to €3.56m to the end of February last.

The figures show that O’Mahony’s Booksellers recorded a pre-tax loss of €93,425 after an exceptional cost of €269,212, made up of €249,212 in an amount written off in an investment, and €20,000 owed by a group company written down, were taken into account.