Profit and Loss Account

For the Financial Year ended 31 December 2022

	Notes	2022	2021
		€’000	€’000
Turnover	5	101,477	85,769
Cost of sales		(40,720)	(34,703)

Gross Profit		60,757	51,066
Administrative expenses		(15,715)	(15,649)
Fair value movement on investment properties	12	(850)	-

Operating Profit	7	44,192	35,417
Exceptional Items	8	10,000	-

Profit before Interest and Taxation
Interest receivable and similar income	6	1,011	533
Interest payable and similar expense	6	(6,691)	(5,991)

Net Interest Expense		(5,680)	(5,458)

Profit Before Taxation		48,512	29,959
Tax on profit	10	(7,175)	(3,964)
Profit for the Financial Year		41,337	25,995

Turnover and Operating Profit arose solely from continuing activities.