Dublin's famous O'Donoghue's pub returns to profit

• Published date: 25 April 2024
• Author: Gordon Deegan
• Publication title: Irish Times: Web Edition Articles (Dublin, Ireland)

New accounts filed by the Barden family-owned O'Donoghues (Merrion Row) Ltd show the business recorded the profits in the 12 months to the end of June last after sustaining two successive years of Covid-19 related losses

The business recorded a post tax loss of €286,621 in the prior year during which Covid-19 restrictions resulted in business for the pub trade only returning to normal in January, 2022 – more than six months into the year.

The accounts, signed off by directors Oliver Barden and Marie Barden on April, 2nd, show that at the end of June last, the company was sitting on accumulated profits of €1.669 million.

The profit last year takes account of non-cash depreciation costs of €188,833. The company received no Government grants last year after receiving €210,944 under that heading in the prior year.

Covid-19 interrupted years of strong performance where the business enjoyed profits of €434,020 in 2019, €521,152 in 2018 and €452,098 in 2017.

At the end of June last, the company had shareholder funds of €9.09 million that included the accumulated profits of €1.66 million and a revaluation reserve of €7.42 million.

The company's cash funds decreased from €3.29 million to €2.16 million. Directors' remuneration more than doubled...