Cassidy Wines increases pre-tax losses

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Winners of the Noffla Irish Wine Show Star Awards

Pre-tax losses at Cassidy Wines to 31st May 2012 rose 140% to €461,610 compared to the previous year’s Operating Loss figure of €192,333 after sales decreased by nearly a fifth to €16.83 million during the year due to the loss of a distribution agreement with one of the multiples.

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Off-trade

29 April 2013

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The company shed five of its 27 employees during the year resulting in a 9.6% reduction in employment costs to €1.61 million from €1.78 million.

 

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