The retailer said that the jump in profits was largely driven by a return to more normal customer behaviour since the pandemic, as all of its stores in Ireland and worldwide are now open and trading.
While no dividend was paid in 2021 in the midst of pandemic store closures, the company has announced that shareholders will receive €475 million for the latest financial year, more than triple the dividend of €150 million paid in 2020. Shareholders’ equity amounted to €1.27 billion by 17th September 2022, down from €1.33 billion in 2021.
Turnover from retail trading reached €693.1 million in the year to 17th September, 2022, an increase of 30 per cent on 2021 turnover of €482.2 million. However, the company noted that increased profit was partially offset by high inflation of input costs, such as for energy and labour.
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