Pre-tax loss of €53.3m at hotel and pubs group Ocsas

THE pub, restaurant and hotel group run by Louis and Helen Fitzgerald recorded a pre-tax loss of €50.4 million last year following a property write down of €53.3m.

The group owns some of the best-known pubs in Ireland, including the Quays pubs in Temple Bar and Galway, along with the Stag’s Head, Kehoes and The Big Tree in Dublin.

Accounts just filed by Ocsas Holdings Ltd show that revenues declined by 12% from €64.94m to €57m in the 12 months to the end of June last year.