Makers of Monopoly in the money despite fall in profits - News Summed Up

Makers of Monopoly in the money despite fall in profits


The Irish arm of the games manufacturer Cartamundi paid out a €5.7 million dividend to its parent last year, despite a decline in profits. Cartamundi Ireland, whose parent was formerly part of games giant Hasbro, recorded pretax profits of €3.6 million for 2019, down from €6.5 million a year earlier as revenues rose to €62 million from €60.9 million. The plant is the largest European games manufacturing plant in the group, employing more than 300 people. It was acquired by Hasbro in 1984, with Cartamundi taking over the facility 11 years later. Staff costs, including wages and salaries, totalled €15.2 million, compared with €14.4 million in the prior year.


Source: The Irish Times July 22, 2020 14:36 UTC



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