Subscribe Login
Hotel

Ashling Hotel Parent Company Records Increase In Pre-Tax Profits

By Dave Simpson

Pre-tax profits at Foxfield Inns Ltd rose 28% to €6.08 million in 2017 while its revenues increased by 5% from €20 million to €21 million.

The company that operates Dublin's Ashling Hotel approved dividends of €559,000 in 2017, following a dividend payout of €750,000 in 2016.

Meanwhile, directors' pay decreased from €951,104 to €897,775 and the number of people employed by the company remained static at 178, with staff costs totalling €7.23 million.

Cash Pile And Accumulated Profits

Get a FREE Digital Subscription!

Enjoy full access to Hospitality Ireland, our weekly email news digest, all website and app content, and every digital issue.

Processing your request...

Thanks! please check your email to confirm your subscription.

By signing up you are agreeing to our Terms & Conditions and Privacy Policy

Additionally, the company's cash pile increased from €6.28 million to €8.3 million in 2017 and its accumulated profits amounted to €49.18 million at the end of December 2017.

The firm's profit for 2017 takes account of non-cash depreciation costs of €527,669.

© 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.

Enjoy a FREE Digital Subscription
Enjoy full access to Hospitality Ireland, our weekly email news digest, all website and app content, and every digital issue.
Enjoy a FREE Digital Subscription
Enjoy a FREE Digital Subscription
Enjoy full access to Hospitality Ireland, our weekly email news digest, all website and app content, and every digital issue.
Enjoy a FREE Digital Subscription