Profits fall at Holland & Barrett

Expansion costs at the Irish arm of health food retailer Holland & Barrett last year resulted in pre-tax profits falling by 19.5% to €6m.

The retailer last year increased the number of its Irish stores from 47 to 50. This contributed to revenues increasing by 5% to €30.9m.

Latest figures show that the Irish subsidiary’s pre-tax profits decreased by €1.46m from €7.47m to €6m in the 12 months to the end of September.