Operating profits at the Irish arm of fast food giant McDonald's increased more than three fold to €19.63m in 2021.
New accounts show that McDonald's Restaurants of Ireland Ltd benefited from the easing of Covid-19 restrictions in 2021 as revenues surged by 39% or €18.92m from €48.21m to €67.13m.
The operating profit equates to an average weekly operating profit of €377,519 and the bumper 2021 performance has allowed the company to pay out combined dividends of €45m across 2022 and 2021. The company is eyeing expanding the business here with the directors stating that"the company anticipates further expansion of its operations in the Republic of Ireland".This followed the last owner-operated McDonald's closing permanently at Dublin Airport on February 28, 2022.The directors state that revenues increased by 39% and operating profits increased"due to the recovery from the Covid-19 pandemic".
The also directors state that throughout the second and third Covid-19 lockdowns in November 2020 and January 2021"we were able to continue sales through our delivery, drive-thru and take away channels".
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