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Profits Rise At Knock Airport Parent Company

Published on Nov 12 2019 12:21 PM in General Industry tagged: Ireland West Airport Knock / Connaught Airport Development Co Ltd

Profits Rise At Knock Airport Parent Company

New accounts filed by Ireland West Airport Knock parent company Connaught Airport Development Co Ltd have revealed that the firm's pre-tax profits increased 24% to €2 million last year.

Meanwhile, revenues rose 11% to €14.47 million; the number of people employed by the company increased from 135 to 143, with staff costs increasing from €5.5 million to €5.7 million; and directors' remuneration decreased from €183,417 to €177,246, as reported by The Irish Times.

Passenger Numbers

According to the company's directors' report, Ireland West Airport Knock passenger numbers increased 3% to 771,619 last year, making 2018 the busiest year on record for the airport.

The directors also stated that the company recorded a pre-tax profit of €158,367 before operating funding from the Department of Transport is taken into account.

© 2019 Hospitality Ireland – your source for the latest industry news. Article by Dave Simpson. Click subscribe to sign up for the Hospitality Ireland print edition.

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