Penneys revenues dip despite €2m a day profits at parent Primark

Primark's pre-tax profits more than doubled from from €416.63m to €881.5m 

New accounts lodged by Primark show that the company’s pre-tax profits more than doubled from from €416.63m to €881.5m in the 12 months to the end of September 14th last. Poor weather saw Penney’s Irish store network dipping marginally from €744.5m to €741.7m. Picture: Leah Farrell/RollingNews.ie

The firm which operates retailer Penneys recorded daily average pre-tax profits of more than €2m last year despite "flat" Irish revenues.

New accounts lodged by Primark Ltd show that the company’s pre-tax profits more than doubled from from €416.63m to €881.5m in the 12 months to the end of September 14th last.