The parent company of the bar, restaurant and hotel group, Press Up Entertainment, made an operating profit last year of €6,470,136, up 75% on the previous year.

Orsen Limited recorded earnings before interest, tax, depreciation and amortisation (EBITDA) before exceptional items of €11,999,080 in 2018, an increase of 62% on 2017.

According to accounts just filed with the Companies Registration Office, the company's two directors Liam Cunningham and Ronnie Delany agreed to pay a final dividend of €2,700,000 to shareholders, up 170% on a year earlier. 

The group, set up by Paddy McKillen jnr and Matt Ryan in 2009, owns over 40 restaurants, bars, hotels and other leisure outlets and employs more than1,500 people.

Mr McKillen and Mr Ryan along with other shareholders are reported to be currently in the process of seeking a buyer for 45% of the Press Up business.

The two men also run a separate development company called Oakmount which has delivered many of the properties that Press Up operates from.

Press Up opened nine new venues in 2017 and last year a further nine businesses were added to the portfolio.

These included the Lucky Duck on Aungier Street in Dublin, the Stella Diner at the Stella cinema complex in Rathmines and The Grayson on St Stephen's Green. 
Other new properties added during the year included Isabelle's on South Anne Street, Union Café in Churchtown and the expansion of the Elephant & Castles to Rathmines and The Beacon.

The company also opened a new 40 bedroom hotel, The Devlin, in Ranelagh village.
"All the businesses in the group traded well in 2018, with increased profitability across the board, and continue to perform well into 2019," the company said in a statement.
"2019 has been another busy year for the Group. Elephant & Castle Monkstown was added to the portfolio in February, further expanding the brand into the suburbs."

"Doolally, Press Up's first Indian restaurant, opened in September on South Richmond Street. The restaurant is a 220 seat space which offers stunning interiors alongside authentic Indian cuisine."
A new 94 bedroom hotel, The Mayson, will also open on Dublin's North Wall Quay this year, along with Mackenzie's Restaurant on Hanover Quay Dublin 2 and John's Bar & Haberdashery on Thomas Street.

The accounts show that at the end of 2018 Orsen Limited had assets of €61,041,366.