The group \u2013 led by CEO Michael JF Wright \u2013 operates outlets in Dublin Airport and across 20 locations in Ireland. It expanded in recent weeks with the opening of the MJ Wright pub on Dublin\u2019s South Great George\u2019s Street in a four-storey property that previously housed Dylan McGrath\u2019s Rustic Stone restaurant.<\/p>\n
Documents filed with the Companies Office earlier this year confirmed that Mink Fusion Ltd, a Wright Group firm, paid \u20ac275,000 for the leasehold interest of the building.<\/p>\n
The new consolidated accounts for the group filed by Treasure Trail Holdings Ltd show that operating profits declined as revenues increased by 11pc from \u20ac49.04m to \u20ac54.6m in the 12 months to the end of September 2024.<\/p>\n
The directors state that the company \u201cdelivered a strong performance during the period, with turnover increasing, driven by the successful opening of new units and continued solid trading across our existing portfolio\u201d.<\/p>\n
\u201cAlthou gh turnover increased, profit for the year declined,\u201d state the directors.<\/p>\n
The company achieved notable milestones that reinforce our growth trajectory<\/p>\n
\u201cThis was anticipated and primarily reflects a number of strategic investments made to support future growth and strengthen the business for the long term.<\/p>\n
\u201cThe company achieved notable milestones that reinforce our growth trajectory, strength of our brand and operational performance.\u201d<\/p>\n
This includes the group securing an 11-year contract award at Dublin Airport which it said secured its presence there for the long term.<\/p>\n
\u201cWith strong foundations now in place, we are well-positioned to convert recent investments and contract wins into long-term value for stakeholders,\u201d they said.<\/p>\n
The group recorded a pre-tax profit of \u20ac2.48m after net interest payments of \u20ac664,896 are taken into account.<\/p>\n
Group earnings before interest, tax, depreciation and amortisation (Ebitda) last year was \u20ac5.39m.<\/p>\n
Numbers employed increased from 490 to 570 as staff costs increased from \u20ac12.99m to \u20ac16.39m. Aggregate directors\u2019 pay last year increased from \u20ac604,354 to \u20ac709,740.<\/p>\n
The pre-tax profit also takes account of combined non-cash depreciation costs of \u20ac2.23m. The group recorded a post-tax profit of \u20ac2.48m.<\/p>\n","protected":false},"excerpt":{"rendered":"The group \u2013 led by CEO Michael JF Wright \u2013 operates outlets in Dublin Airport and across 20…\n","protected":false},"author":2,"featured_media":188136,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[72,615,11900,61,60],"class_list":["post-188135","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-dublin","tag-dublin-airport","tag-ie","tag-ireland"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/188135","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=188135"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/188135\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/188136"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=188135"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=188135"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=188135"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}