Kylemore Services Group (KSG) has returned to profitability, generating pre-tax profits of €731,628 in its last financial year, after showing a €1.85 million loss in the previous 12 months.

Turnover for the catering group, in the 12 months up to the end of last March, was unchanged at €30.2m. Operating profit was €734,982; compared with an operating loss of just under €1.8m for the preceding year. The company, which changed its name from Kylemore Foods Holdings last August, expanded its workforce by 20 people during its last financial year, bringing its total employment numbers to 624. As of the end of last March, KSG had a net cash balance of just over €2.9m, up by almost €1m on the preceding year-end.

During the 12 months under review, Kylemore won new catering contracts at Microsoft Ireland, St Vincent’s Hospital, University College Dublin (UCD) and the Dublin offices of the European Commission.

According to group chief executive Brian Hogan more expansion is in the offing: "We’re pleased with the growth and expansion in our contract catering services division, and this is an area we’re seeking to develop further by providing cost-efficient, innovative solutions to clients across the corporate, private and public sectors."