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...

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