Profit and Loss Account

For the Financial Year ended 31 December 2023

	Notes	2023	2022
		€’000	€’000
Turnover	5	101,441	101,477
Cost of sales		(44,918)	(40,720)

Gross Profit		56,523	60,757
Administrative expenses		(16,526)	(15,715)
Fair value movement on investment properties	12	(1,315)	(850)

Operating Profit	7	38,682	44,192
Exceptional Items	8	-	10,000

Profit before Interest and Taxation		38,682	54,192
Interest receivable and similar income	6	4,571	1,011
Interest payable and similar expense	6	(8,234)	(6,691)

Net Interest Expense		(3,663)	(5,680)

Profit Before Taxation		35,019	48,512
Tax on profit	10	(5,525)	(7,175)
Profit for the Financial Year		29,494	41,337

Turnover and Operating Profit arose solely from continuing activities.