Just Eat's skyrocketing profits show big Irish appetite for food service

The app is the most popular of its kind in the country...

Just Eat Ireland recorded profits of €2m for 2015, up substantially from the €641,800 the company took away the year previously.

The 213% profit increase came off the back of orders climbing by 40%, while the takeaway delivery service's app is consistently number one under the 'Food & Drink' section of the App Store in Ireland.

Launched in October 2013, it has now been downloaded over 700,000 times, with over three-quarters of all Just Eat business going through mobile devices.

The company's cash pile increased from €1.4m to €1.9m, with shareholder funds at the end of the year totalling €2.29m. Employment costs came in at €1.43m as its team was reduced by five to 36.

Now boasting over 1,800 restaurant partners, the commission it charges increased one percentage point to 13% earlier this year – Just Eat was charging 8% on orders when it was established in Ireland eight years ago.

Managing director Amanda Roche Kelly said in a statement:

“As an online company, we are always looking for new and innovative ways to improve that user experience and make it even easier for the end user, be they customers or restaurant partners.”