Market Bar losses cut to €409k

IT may have one of the hippest addresses in Dublin but the company that owns The Market Bar on Fade Street suffered pre-tax losses of just over €400,000 in 2009.

According to accounts just filed for Mercroft Taverns Limited, which owns the popular Market Bar the company made a gross profit of €1.9m in 2009 compared with €2.3m in the previous year.

The company incurred losses during the year to the end of December 2009 of €409,002 after allowing for exceptional items relating to rent paid of €850,000 and a recovery of a previously impaired investment of €400,853.