The company which owns the Waterford Crystal brand paid out a dividend of €12.5m in November 2021.
That is according to new accounts for WWRD Ireland Ltd, which show that the company recorded a pre-tax loss of €516,000 in 2020.
This followed revenues more than halving from €16.6m to €8.29m due to the impact of Covid-19.
The pre-tax loss of €516,000 for 2020 followed a pre-tax profit of €10.2m in 2019.
In 2020, the firm availed of Government Covid-19 wage supports of €1.69m.
The company operates one of the most visited tourist attractions in Ireland - a combined visitor experience, retail and manufacturing facility at House of Waterford in Waterford city.
The directors state that the Covid-19 pandemic and consequent Government restrictions "significantly impacted the company's business".
They also said the financial support received through the Government's Covid-19 wage supports "allowed the the company to maintain the majority of its workforce and subsidise its cost base, pending the return to normal levels of activity".
The directors state that in response to Covid-19, the company took quick and decisive actions to lessen the negative impact on operations by reducing operating costs and supporting the e-commerce business.
They state that good progress was made in reducing operating losses.
Numbers employed decreased from 160 to 138 in 2020 with 75 employed in distribution, sales and marketing, 61 in production and two in administration.
Staff costs reduced from €6.89m to €5.44m.
In 2020, sales in Ireland accounted for €3.08m, with €5.2m in Europe. The sales were a mix of wholesale sales of €6m and retail sales of €2.12m.
At the end of 2020, the company had accumulated profits of €15.69m.
The directors state that subsequent to year end, the firm achieved a rent reduction of €187,500 in relation to amounts due.
The directors state that "going forward the company intends to continue to build the business based on introducing contemporary ranges, new product initiatives and expansion across luxury home and lifestyle categories".
They state that the firm aims to "increase focus on giftware, targeting premium channels and enhancing our omni-channel customer experience across our different touch-points for luxury experiences."
The company is a subsidiary of Finland based group, Fiskars Oyj Abp. Fiskars is a leading worldwide provider of luxury homes, outdoor living and lifestyle products
Some of the other brands owned by the Fiskars Group include Wedgwood, Royal Doulton and Royal Albert.
The Waterford based business had previously been controlled by Sir Anthony O'Reilly and his brother-in-law Peter Goulandris.
Waterford Crystal was first established in 1783 on land adjacent to Merchants' Quay in Waterford, just minutes from the present-day House of Waterford Crystal.
At the House of Waterford, visitors on the guided tour can witness how Waterford Crystal pieces are crafted, from initial design right up to the final engraving.
At the site, the company's 12,000 sq ft retail space houses the largest collection of Waterford Crystal in the world.
Reporting by Gordon Deegan
