Covid restrictions take huge bite out of McDonald's Irish profits and revenues

Revenues decreased by 30% from €69m to €48.2m

Numbers directly employed by McDonald's here last year reduced from 170 to 147 and staff costs declined by 20% from €4.3m to €3.5m

Pre-tax profits at the Irish arm of fast food giant McDonald’s last year tumbled by 70% to €6m.

That is according to new accounts for McDonald’s Restaurants of Ireland Ltd, which show that profits declined sharply as Covid-19 resulted in a €20.7m revenue hit for the company.