Boots Ireland, the pharmacy and cosmetic retail chain, reported its profit in the financial year ended August 2020 was just over €20.8m, a fall of around 9pc on 2019.

The company, which had 89 stores as of the end of last August and has an online presence, reported its results through Boots Retail Ireland Limited last week.

Boots reported revenue of nearly €378m for the year ended August 2020, which was down from almost €400m in 2019. In 2020, the pharmacy business accounted for 13.5pc of revenue generated, while retail, primarily health and beauty products, accounted for 86.5pc.

Operating profit at Boots increased by nearly 1pc to €27m.

However, reverses through finance costs associated with an accounting guideline for leases played a role in profit falling around €2m to €20.8m in 2020.

Boots also revealed it received €3.4m in support through the Government’s Temporary Wage Subsidy Scheme.