The Porterhouse pub group has recorded “enormous drops in revenue and profit” over the past year due to the Covid-19 pandemic. The group sustained the drop in operating profit after revenues decreased by 6pc from €31.65m to €29.74m. The group recorded a pre-tax profit of €140,440 after a pre-tax loss of €2m in 2019 due mainly to a non-cash €2.1m write down. Business Development Director with the Porterhouse Group, Mr Hughes stated: "We have seen enormous drops in revenue and profit over the past year due to Covid-19. Mr Hughes stated that the group lost 10pc of its workforce to other sectors during the pandemic to date.

Source: Irish Independent May 18, 2021 01:30 UTC