Expanding food company The Wright Group sees threefold surge in profits

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Expanding food company The Wright Group sees threefold surge in profits
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Revenues at the Dublin outfit rose 38% to €49m in the 12 months to September

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Pretax profits at The Wright Group increased almost threefold to €10.67 million last year as revenues surged at the expanding food and beverage company.

‘If I’m intimidated, that’s a problem’: Fireworks fly as Joe Duffy hears tales of teenage delinquency The group’s operating profit increased by 75 per cent to €9.32 million while a net exceptional cost of €1.2 million concerning the write-off of intercompany balances and the disposal of Wrights Cafe Bar Airside Ltd reduced profits.

The directors state that the group’s earnings before interest tax depreciation and amortisation last year increased by 54 per cent. This reflects the profit on the sale in Airside, improved operational efficiencies and cost management initiatives.

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