Dunnes makes loss of £8.1m in North despite cost-cutting | Business Post

  • 📰 businessposthq
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 71%

United States News News

United States United States Latest News,United States United States Headlines

The results represent the second year in a row the company has made a loss in Northern Ireland, whytebarry reports.

Dunnes Stores in Belfast. In the company’s accounts for 2020, the directors noted that ‘Covid-19 is having a material impact on the operations of our business’. Picture: Brian Lawless/PA

Dunnes Stores made a loss of £8.1 million in its Northern Irish arm in 2020, as turnover fell from £113.6 million to £101.7 million, according to newly-published accounts. The company trimmed its costs in the same period from £84.7 million to £80.3 million, and its other operating expenses from £28.6 million to £24.8 million, but it still resulted in a trading loss of £5.8 million.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Losses balloon at Dunnes Stores’ Northern Irish businessRetail giant reports £8.1m loss during pandemic and opts not to pay any dividend
Source: IrishTimesBiz - 🏆 6. / 77 Read more »

Metaverse and global scarcity among top considerations for businesses in 2022 | Business PostAccenture Interactive’s Fjord Trends report seeks to outline the most significant trends in technology that businesses will have to reckon with in the coming year
Source: businessposthq - 🏆 8. / 71 Read more »

UK companies face New Year Brexit import controlsBritish firms face the introduction of much-delayed post-Brexit border control checks from January 1 which will affect businesses importing $314 billion of goods a year from the European Union.
Source: RTEbusiness - 🏆 16. / 61 Read more »