Operating profits down 37% at Gleeson Group
Winners of the Noffla Irish Wine Show Star Awards
Operating profits at Gleeson Group fell by 37% to €4.73 million in the year to 30th June 2012 from €7.47 million the previous year.
Print3 May 2013
Pre-tax profits also fell significantly, by 55% to €2.39 million on a turnover down by 6% to €246.98 million.
The company, which agreed to dispose of its interest and that of certain subsidiaries to C&C (Holdings) last November, cut employment during the year by 11% to 655 which helped reduce employee costs by 9% to €20.09 million from 2011’s €21.99 million.
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