Iceland Reports Fall In Irish Losses

Iceland Foods' Irish operation has reported losses of €771,000 for the year ending March 2016, a significant reduction from losses €2.93 million reported a year earlier, according to The Irish Times.

The retailer also posted a rise in its Irish revenues of 32% to €21.8 million. It currently operates 12 stores in the Republic of Ireland, and is said to be ‘seeking additional sites’, having recently opened in Coolock, Dublin and Clonmel, Tipperary

The group employs around 250 people across Ireland, with its employment costs standing at €2.96 million for the year, up from €2.4 million a year earlier.

© 2016 - Checkout Magazine by Jenny Whelan