Profits take a hit at drug firm led by Dragons’ Den star McCoy

25th February, 2018
Chanelle McCoy

Profits and revenue dipped at Chanelle Pharmaceuticals, the Loughrea headquartered drugs company controlled by Dragons’ Den star Chanelle McCoy and her father, Michael Burke.

Newly filed accounts for the company show that revenue dipped by around €600,000 last year, coming in at €38.9 million. Gross profits were down by almost €1.2 million to €7.1 million.

While not all of this loss accrued to operating profit, a hike in finance costs drove overall profits after...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Get basic

*New subscribers only

You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

2 Yearly



Unlimited Access for 2 Years

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

Emer McLysaght: What if Greg Davies was your boyfriend?

The Profile: Alexei Navalny, Russian opposition leader

Off Message: Putting the con in conspiracy

John Gibbons: Climate science has long been the victim of ‘fake news’ obscuring uncomfortable truths