The company that operates Bewley’s Cafe on Dublin’s Grafton Street recorded pre-tax losses of €462,000 before a decision was made to shut down the business last year.
The shock closure announcement in May last year was later reversed and the business re-opened to customers last August as Covid-19 restrictions eased.
New accounts for Bewley’s Cafe Grafton Street Ltd show that the business reduced its pre-tax losses by 85% from €3.15 million in 2018 to €462,000 in 2019.
The reduction in pre-tax losses followed revenues decreasing by 4% from €5.02 million to €4.82 million.
The company recorded a post tax loss of €223,000 in 2019 after receiving a corporation tax credit of €239,000.
The business re-opened last August after the company resolved a rental dispute with a firm connected to developer Johnny Ronan, RGRE Grafton Ltd, after agreeing to the pay rent, including arrears.
The accounts show that the rental charge
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