Drop in pre-tax profits for operator of Milano chain

THE company that operates the chain ofMilano restaurants in Ireland last year sustained a 3% drop in pre-tax profits to €3.3 million.

Accounts just filed by Agenbite Ltd with the Companies Office show that the company sustained the drop in profits after its revenues decreased by 2.5% from €17.28m to €17m in the year to the end of June 27 last.

The accounts show that the company’s accumulated profits at the end of June last was €17.69m.