Family-run bar toasts stellar profits of €310k

Tourists and ‘techies’ last year contributed to one of the country’s best known pubs, O’Donoghue’s on Dublin’s Merrion Row, having a stellar year to record post-tax profits of over €310,000.

New accounts show the firm behind the family-run O’Donoghue’s (Merrion Row) Ltd reduced its accumulated losses by €311,819 from €597,463 to €285,644 in the 12 months to the end of June 30 last.

This followed the firms profits of €280,236 in fiscal 2012. The accounts for last year show that the firm’s cash pile increased by €238,834 from €783,362 to €1.022m. Shareholder funds stood at €7.1m.