Post-examinership gain boosts Mothercare profits

The Irish arm of Mothercare booked an exceptional gain of €2.24m from successfully exiting examinership in 2015.

New accounts filed by Mothercare Ireland show its pre-tax profits increased by 170% to €1.045m in the 12 months to the end of last March.

The business recorded the sharp increase in pre-tax profit due to the €2.24m exceptional gain from the examinership. Revenues at the firm last year declined from €33.3m to €31.6m.