Companies

McDonald’s Irish arm pays out €45m in dividends after jump in sales

McDonald’s Restaurants of Ireland closed its final Irish eatery in 2022, meaning all of its restaurants are now run by franchisees

McDonald’s: before tax, the main Irish arm of the company recorded profits of €16.8 million, up from €6 million in 2020. Picture: Getty

The main Irish arm of McDonald’s, the fast-food giant, has paid out €45 million in dividends to its parent company since the start of 2021, with its pre-tax profits more than doubling after the pandemic.

New accounts filed by McDonald’s Restaurants of Ireland show its revenues rose by more than €19 million in 2021 compared with the previous year, reaching €67.1 million after totalling €48.2 million during a Covid-struck 2020.

Before tax, the unit recorded ...