Dunnes makes loss of £8.1m in North despite cost-cutting

The results represent the second year in a row the company has made a loss in Northern Ireland

Barry J Whyte

Chief Feature Writer @whytebarry
31st December, 2021
Dunnes makes loss of £8.1m in North despite cost-cutting
Dunnes Stores in Belfast. In the company’s accounts for 2020, the directors noted that ‘Covid-19 is having a material impact on the operations of our business’. Picture: Brian Lawless/PA

Dunnes Stores made a loss of £8.1 million (€9.6 million) in its Northern Irish arm in 2020, as turnover fell from £113.6 million to £101.7 million, according to newly-published accounts.

The company trimmed its costs in the same period from £84.7 million to £80.3 million, and its other operating expenses from £28.6 million to £24.8 million, but it still resulted in a trading loss of £5.8 million.

Along with a drop in the value of an...

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