Friday September 25, 2020

Losses rise at discount department store Michael Guineys

Directors paid out a higher dividend than previous year

Barry J Whyte

Chief Feature Writer

30th December, 2015
The company is owned by various members of the Guiney family Pic:

Guineys, the family-owned discount department store, saw its losses rise from €38,757 to €301,454, according to the most recently filed accounts for the year ending January 2015.

Despite the losses, the accounts note that the directors recommended and paid a dividend of €151,467 in the current financial year, up from €108,624 the previous year.

The retailer has shops in Dublin, Cork, Limerick, Waterford, Castlebar, Clonmel and Tralee, but has been struggling lately, with its profits sliding...

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