Monsoon’s Irish division moves back into the black with €1m pre-tax profit

The Irish arm of women’s clothing retailer Monsoon-Accessorize returned to profit last year, newly-filed accounts show.

The accounts for Monsoon-Accessorize Ireland Ltd show that the business generated pre-tax profits of €1m for the 12 months to the end of August. However, the company’s revenues fell from €14.17m to €13.6m.

The chief factor behind the return to profit was an exceptional credit of €777,918. This followed the company recording an exceptional cost of €2.6m in the previous financial year.