Breanagh Catering Ltd's recent financial account shows a 10% drop in pre-tax profits to €2.8m despite a 4% increase in revenues to €11.78m, indicating issues in cost management.
The firm has successfully topped its pre-Covid revenues of €11.6m, indicating a full recovery from the pandemic's toll, but still faces operational and financial challenges that led to profit decline.
The report provides insight that despite increased nightclub and bar sales reaching €10.46m, operational costs and director remuneration impacts the company's profitability.
Following a significant cumulative revenue loss of €20.7m during the pandemic, Breanagh Catering shows resilience, as reflected in its revenue increase over the past year, yet profitability suffers.
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