Dunnes’ UK profits fall as revenues slump

Pre-tax profits at the UK arm of Irish-owned retail giant, Dunnes Stores last year decreased by 13% to £13.8m (€17.6m) after a slump in revenues.

According to returns just lodged by Dunnes Stores (Bangor) Ltd to Companies House in the UK, the firm sustained the drop in profits as revenues decreased by 11% from £157.55m to £140.52m in the 12 months to the end of February 1, 2014.

The figures show that the firm paid dividends of £470,000 last year to Irish-based parent, Dunnes Stores (Henry Street) and this followed a dividend payout of £3.53m in fiscal 2013.