Pharmacy chain sees profits double
Newly filed accounts for the Co Wexford group — which operates 28 pharmacies across the country, employing over 570 staff — show that the firm secured the 123% increase in profits as revenues dipped from €77.9m to €77.1m.
The chief factor behind the increase in profit, in the year to the end of September, was the group recording a sharp decline in property write-downs — going from €3.16m in 2012 to €671,070 last year. The firm also last year paid a €1m dividend to its shareholders, following on from a similar pay-out the previous year.
