Directors noted that the Gate Gourmet’s strategic plan “will be to sustain its profitability and build on its already strong business models”. They expressed confidence that its performance would continue to improve “if no further restrictions are implemented in 2022″.
At the end of December last, the company’s shareholder funds totalled €5.2 million, including accumulated profits of €641,899.Separately, another Dublin Airport-based food and beverage company, HMSHost Ireland Ltd, last year recorded zero revenues due to the pandemic.HMSHost Ireland Ltd last year recorded pretax losses of €270,937, down from losses of €1.88 million in 2020.
The Dublin business ceased trading in March 2020 due to Covid-19 and contracts expired at the end of January 2021. HMSHost directors noted that Covid-19 has delayed a new tendering process that will take place during 2022/23, with a trading date of 2024.