River Island (Ireland) reports a 65% profit increase to €7.29M in 2023 on a 9% revenue decline, through EBITDA rise and cost optimization.
River Island Clothing Company (Ireland) Ltd reported a 65% increase in pre-tax profits, reaching €7.29 million in 2023, despite a 9% revenue decline to €47.23 million. Operating 23 stores, the company achieved EBITDA of €7.7 million, up 45% from the prior year. The profit surge was aided by an onerous lease credit and a stock impairment reversal, while the workforce decreased from 545 to 522 employees amidst rising staff costs.
October 11, 2024
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