Companies

Travel agent TUI predicts return to pre-Covid success after 86% rise in Irish profits

TUI Ireland’s profits rose from €3.1 million in the 12 months to September 2022 to almost €5.89 million in the last financial year

TUI’s Ireland operation followed the global business to deliver a significant increase in profits in the last financial year. Picture: Post Reporter

TUI’s Ireland operation followed the global business to deliver a significant increase in profits in the last financial year, as the company predicted customer numbers would return to pre-pandemic levels.

Pre-tax profits at TUI Holidays Ireland Limited rose 86 per cent from €3.1 million in the 12 months to September 2022 to almost €5.89 million.

Operating profit, was up 50 per cent at €4.9 million with a profit margin of 3.3 per cent, rising from ...