Thursday February 27, 2020

Profit & Loss: Inside the world of private Irish business

Kelly's Agricultural Machinery, Riverfront Hotels and aircraft leasing company 3P Air Freighters

Barry J Whyte

Chief Feature Writer

@whytebarry
5th August, 2018
Pendulum Events and Training was established by Frankie Sheahan

Kelly’s Agricultural Machinery had a profit of €499,850 in 2017, slightly down from €545,283 the previous year, despite turnover rising from €23.6 million to €25 million.

The company also saw its costs rise from €28.9 million to €24.5 million. Its accumulated profits stood at €513,347, up from €13,497 the year before.

It had assets worth €16.4 million, made up of stocks worth €10.8 million, debtors worth €3.2 million, cash worth €730,129, and...

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