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Sep 3 2010

News & Insight : In Brief

Profits up 12% at Barry Group

Barry Group has announced profits before tax of €3m in its full year-end results for 2009, an increase of more than 12% on the €2.67m it earned the previous year. Managing director, Jim Barry said: “We’ve managed to increase our net profit on a reduced turnover through aggressively managing our cost base and prudent management of credit risk. The Irish retail environment continues to be extremely competitive and operating margins continue to be squeezed. Our profits in 2009 were driven primarily through reducing our cost base, out-performing the market and re-inventing our retailer offering.”

Turnover reported in the financial year ending 31 January 2010 showed a fall in sales from €212.5m achieved in 2008 to €207m in 2009, which the company attributes to a consumer spending slowdown and a significant reduction in the average cost per box, reported across the industry.more >


In Brief

In Brief

In Brief

In Brief

Gala invests €400k in new HQ
Nisa-Today’s has record year and records surplus payment
With nationwide stores from Listowel to Letterkenny, Gala says the decision to locate its new HQ off the N7, in Kill, Co Kildare, makes logistical sense Tesco has announced it will open seven new stores in a €113 million investment programme, that will create 748 new jobs New regulations mean businesses can no longer dispose of food waste through a macerator into the sewer system where a brown bin service is available Following a record performance, the board at Nisa-Today's has said it will make a payment of £4.5 million of trading surplus to the group’s members
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