Charlie Chawke, arguably the most promiment publican in the country, has posted pre-tax profits of more than €2m across his multiple business interests.
Chawke said that Leinster’s winning streak in the Heineken Cup last year helped his group of 10 pubs around the country achieve the impressive profits, adding that Leinster’s success ‘Was great for business”.
Accounts filed for Milltown Inns Ltd, operators of the Dropping Well pub, show that profits increased by €122,730, from €2.43m to €2.56m. Accounts for College Inn Ltd, which operates the Bank pub on College Green, increased by €68,177, from €191,548 to €259,725.
Separate accounts for Alazwar Ltd, operator of the Oval bar on the corner of Middle Abbey St and O’Connell St, show a decline of €36,084 in accumulated profits, from €701,184 to €665,100.
Euro 2012 was, according to Chawke, bad for business – with Ireland coming in last on the back of several poor performances, turnover at his pubs was down during the period.
Across Chawke’s 10 pubs (2 of which are in his native Limerick) he employes a total of over 400 people. In 2005 he paid a record €22m for the Old Orchard Inn pub in Rathfarnham.