Temple Bar pub group posts operating profits of €5.6m

Staff numbers increase from 70 to 81 while directors’ pay rises to €337,000

The Temple Bar has enjoyed significant expansion in recent years and in 2015 added a Distillery Store that serves Irish, Scottish, and very rare whiskeys. Photograph: Aidan Crawley

The Temple Bar has enjoyed significant expansion in recent years and in 2015 added a Distillery Store that serves Irish, Scottish, and very rare whiskeys. Photograph: Aidan Crawley

 

The group behind Dublin’s Temple Bar pub last year recorded operating profits of €5.62 million.

The firm recorded the profit after taking into account interest charges of €683,954 and a non-cash gain of €695,850 on the revaluation of an investment property.

The group also operates Moss and Gray restaurant and Cloud Nine ice-cream shop.

The pub has enjoyed significant expansion in recent years and in 2015 added a Distillery Store that serves Irish, Scottish, and very rare whiskeys.

Pension contributions

The two directors of the firm are Tom Cleary and Jackie Cleary and their aggregate remuneration last year increased from €324,055 to €337,003.

The consolidated accounts show that the Clearys’ pay last year was made up of €300,000 in salaries and €37,003 in pension contributions.

At the end of October last, the group had accumulated profits of €19.1 million.

The group’s cash increased from €4.93 million to €7.55 million.

Numbers employed by the business last year increased from 70 to 81 and staff costs last year increased from €3.43 million to €3.87 million.

The group enjoyed a post-tax profit of €4.1 million after paying corporation tax of €1.44 million.

The profit takes account of non-cash depreciation costs of €138,994.