Profits at Costa, KFC, and Pizza Hut firm slide to €4.8m

Covid has hit the profits of some coffee retailers. New accounts filed by Tuli Holdings Ireland Ltd show that pre-tax profits fell 56% to  €4.8m.

Profits at the group behind the Costa coffee shops, a string of KFC franchises, and Pizza Express in Ireland have slumped amid the Covid crisis.      

New accounts filed by Tuli Holdings Ireland Ltd show that pre-tax profits fell 56% to  €4.8m in the 12 months to the end of January, as revenues slid to €48m from €106m in its previous financial year.