Big ticket sales boost revenues at Homebase Ireland
Published: 23 January 2017 - Jenny Wonnacott
Homebase in Ireland has released sales figures for the year ending February 27, 2016, with revenues up 8% to €47.56m.
Homebase Ireland improved its revenues from €43.73m to €47.56m for the year ending February 27, 2016
Big ticket sales helped with the sales boost, according to Homebase bosses, who said there had been growth “across all product categories.” The directors also pointed out that on a like-for-like basis the increase was 13% for sales as one store closed during the previous year.
The business also benefitted during the period from the reversal of a lease provision which ended up representing an exceptional gain of €1.74m. Pre-tax losses for the year reduced by 73% to €2.4m, a significant improvement on the previous year's €9m figure.
There are currently 11 Homebase stores in Ireland, four of which are in Dublin. A total of 448 employees work there.