Milano restaurant chain suffers 14% fall in pre-tax profits

The company that operates the Milano chain of restaurants in Ireland last year sustained a 14% drop in pre-tax profits in spite of an increase in revenues.

Accounts just filed by Agenbite Ltd with the Companies Registration Office show the company sustained the drop in profits from €3.3m to €2.85m after its revenues increased by 1.6% from €17m to €17.2m in the year to the end of June 26, 2011.

The company’s accumulated profits stood at €20.1m.