Michael Guiney profits plummet 80% to €12k
According to accounts filed to the Companies Office by Michael Guiney Ltd, the company recorded the sharp drop in operating profits — from €62,531 to €11,983 — after revenues fell €250,0000 from €18.1m to €17.9m in the 12 months to the end of January 2014.
The retailer has shops in Dublin, Cork, Limerick, Waterford, Castlebar, Clonmel and Tralee and employs 136 people. The directors’ report states that “the group had a challenging year due to current economic conditions”.
