Pub and hotel group directors take big pay rise

Louis and Helen Fitzgerald gave themselves a four-fold pay increase last year to €1.9m as pre-tax profits increased by 21% at their Dublin-based pub and hotel group.

New accounts filed by Ocsas Holdings Ltd to the Companies Office show that the Louis Fitzgerald pub, restaurant and hotel group recorded a pre-tax profit of €4m in the 12 months to the end of June 30th last following a pre-tax profit of €3.3m in 2012.

Group profits rose last year despite revenues falling marginally from €54.31m to €54.29m.