New accounts for Bewley’s Café Ltd have revealed that the Bewley’s café on Dublin’s Grafton Street experienced an 85% decrease in pre-tax losses in 2019.
According to The Irish Times, the new accounts reveal that Bewley’s Grafton Street café’s pre-tax losses decreased by 85% to €462,000 in 2019 from €3.15 million in 2018.
Additionally, revenue reportedly decreased by 4% to €4.82 million; the rental charge for the café in 2019 remained the same as the charge in 2018 at €1.46 million; 131 people were employed at the Bewley’s café on Grafton Street in 2019 and staff costs amounted to €2.8 million; and the company experienced a post-tax loss of €223,000 after receiving a €239,000 corporation tax credit.
COVID-19 Pandemic Impact
Regarding the impact of the COVID-19 pandemic, a note attached to the accounts reportedly stated that the company’s net debt had increased by €1.4 million in December 2020
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