Brennans Bakeries in Dublin saw turnover rise 7% to €54.1 million (£37.69m) in 2006, with operating profits up by 28% to €5.41m (£3.77m). An €80,000 interest payment boosted pre-tax profits to €5.49m.
The Brennan family owns the bakery through two holding companies, Argosy Trust and Century Holdings. Most of the directors are members of the Brennan family. The bakery’s wages bill was also slightly down last year, at €10.46m compared to €11.2m in 2005. It has 173 staff.