Wetherspoon pubs trading profitably in Republic 'after €49m in investments'

The group has invested heavily at key locations in the Republic in recent years

Tim Martin, founder and chairman of Wetherspoon, said that the company in the Republic had traded profitably at pub level in 2023, but had spent a total of €49m on its premises at Keavan's Port Hotel on Camden Street in Dublin, at South Strand close to Grand Canal Dock, and at Wetherspoon in Waterford. 

Wetherspoon pubs traded profitably in the Republic in its latest financial year, but is carrying cumulative tax losses after spending €49m on investments at three premises, chairman Tim Martin has said. 

The group which is one of Britain's best known pub chains has also invested heavily at key locations in the Republic in recent years. After offloading some pubs to keep a check on costs and reduce debt, it had 826 pubs trading in the year.