Hotel

Ballymaloe House Reports Profit For 2015

By Publications Checkout
Ballymaloe House Reports Profit For 2015

Newly filed accounts for Yeats Room Limited, the company behind Ballymaloe House in Cork, show a recorded profit of €24,238 for the 12 months ending October 31 2015, as accumulated profits rose from €2.14 million in 2014 to €2.16 million last year.

The Ballymaloe country house hotel and restaurant had previously recorded a loss of €185,933 in 2013 and an accumulated profit of €2.4 million in 2014. Despite the rise in profit, its number of employees remains at 45 and it has also maintained employee costs at €1.6 million, reports The Irish Times.

Last year saw Ballymaloe House named one of the best hotels in the world by Condé Nast Traveller, being the only Irish property to win a position on the travel publication's Gold List 2015.

Accounts filed for the company's other business, Ballymaloe Cookery School, showed an increase in accumulated profits to €2.58 million, a jump of 68 per cent since 2010.

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