Bad economic times appear to be having no effect on the sales of drink at the Dáil bar at Leinster House, with revenues and profits on the increase in 2012.
Annual accounts for the Houses of the Oireachtas were released over the weekend and show that profits for the bar increased from €138,600 to €145,623, a jump of 5%. Revenues were also up though to a lesser extent, hitting €300,252 from €299,913 in 2011. Meanwhile, outside Ireland’s private decision-making snug, 150 pubs shut down across Ireland last year.
In contrast to the often eye-popping pint prices seen across central Dublin, the Dáil bar is a more manageable affair with Guinness coming in a €4.30 and Heineken at €4.70, a good 50c less per pint than most nearby establishments. Regardless of the cheaper prices, profit margins of the bar were 56%.
The Dáil restaurant showed similarly healthy profit although down somewhat on 2011, with sales of €919,353 compared to €928,243 in 2011. Restaurant profit marins stood at 39%.
The accounts also show that the bar and restaurant repaid €220,000 to the Department of Finance.
In the report, Facilities Manager Noel Murphy pointed out that the bar and restaurant provide a service to the Oireachtas that amounts to around 1,200 people, on top of visitors which amounted to nearly 100,000 people last year.
Potential impact on the bar of the Seanad closing was not discussed in the report.