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Kildare Village Reports Pre Tax Losses Of Over €6m

Monday, 20 December 2021 11:50

By Caoimhe Harney

File image: Rolling News

Covid restrictions significantly impacted business last year.

Pre-tax losses at the firm that operates Kildare Village, almost doubled to €6.48m last year.

The Irish Examiner reports, According to new accounts filed by Value Retail Dublin Ltd, the firm’s pre-tax losses increased sharply as revenues slumped by 37% from €15.66m to €9.86m.

A note attached to the accounts attributes the €5.8m drop in revenues to Covid-19 enforced closures of the village during 2020.

Pre-tax losses last year increased by 83.5% from €3.53m in 2019 to €6.48m.

The business recorded an operating loss of €105,000 in 2020 and finance costs of €4.8m and interest payments of €1.57m resulted in the pre-tax losses of €6.48m.

The directors of the firm have said that the pandemic “will continue to have a significant impact on the company’s business”.

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