Photo: David Paul Morris/BloombergThe Irish arm of Monster Energy-branded drinks last year enjoyed an increase in revenue by 40pc to €196.39m. The new accounts for AFFI show it recorded a pre-tax loss of €47.07m last year which was mainly due to non-cash amortisation costs of intellectual property of €115m. The pre-tax loss of €47.07m last year was 27pc down on the pre-tax loss of €64.5m in the previous year which was also brought about by non-cash amortisation costs. Owned by the Nasdaq-listed Monster Beverage Corporation, AFFI provides manufacturing and distribution of Monster Energy drink products across Europe, the Middle East and Africa (EMEA). After incurring the non-cash amortisation costs of €115m, the firm recorded an operating loss of €38.54m and net interest payments of €8.5m resulted in the pre-tax loss of €47m.

Source: Irish Independent October 06, 2023 12:59 UTC