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Profits Rise At Paddy McKillen's Wintergreen Hospitality Firm

Published on Feb 20 2019 11:01 AM in General Industry tagged: Trending Posts / Paddy McKillen / Wintergreen Holdings

Profits Rise At Paddy McKillen's Wintergreen Hospitality Firm

Newly-filed accounts for hospitality and investment firm Wintergreen Holdings have revealed that the company's pre-exceptional profits rose 72% to €19.1 million in 2017.

Meanwhile, revenues at the Paddy McKillen-controlled company, the subsidiaries of which include Captain Americas restaurant of Dublin's Grafton Street and The Dean hotel of the capital's Harcourt Street, rose from €55.5 million to €76 million, as reported by The Irish Independent.

Fair Value Of Financial Assets And Revaluation Of Tangible Fixed Assets

Wintergreen's accounts indicated that the company benefited from a €1.4 million uplift on the fair value of financial assets, and just over €3 million following the revaluation of tangible fixed assets.

© 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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