KFC operator in the red as pre-tax losses hit €2m and revenues fall 8%

The company that operates the Kentucky Fried Chicken (KFC) franchise across Ireland plunged further into the red during 2010, recording pre-tax losses of €2m.

Documents filed with the Companies Office show Herbel Restaurants (Ireland) Ltd sustained the increased losses after revenues at the firm dropped by 8% — from €23.3m to €21.4m — in the 12 months to the end of Dec 2010.

The company operates 18 KFC outlets in Ireland and according to the directors’ report in the accounts: “Despite the economic conditions, the KFC franchise business continues to trade well.”