Profits up at Menarys despite turnover drop as costs are trimmed

Barry J Whyte

Chief Feature Writer @whytebarry
3rd September, 2017

The family-owned Northern Ireland department store Menarys saw its turnover drop from £20.5 million to £19.3 million in 2017.

Including concessionaires in its stores, the company saw more than £28.6 million spent in its various premises, though this was down from £30.8 million the year before.

However, the company managed to trim back its costs in the same period – from £11 million to £10.5 million – resulting in an operating profit of £255,565, up from...

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