€900,000 pension payment hits Drayton profits

Profits at the group that owns the Oliver St John Gogarty pub and Blooms Hotel in Dublin’s Temple Bar were hit last year after the group’s three directors paid themselves €900,000 in pension contributions.

The Martin Keane-controlled Drayton House Holdings Ltd operates the well-known Dublin pub, and new figures show that pre-tax profits at the group reduced by 54% to €1.7m in spite of a jump in revenues.

Every year, tens of thousands of tourists descend on the Oliver St John Gogarty pub and new figures for Drayton show that the pub contributed to revenues increasing by 7% from €11.45m to €12.23m at the group in the 12 months to the end of February last.