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Doyle Collection Records Increase In Profit

Published on Oct 23 2018 10:25 AM in Hotel tagged: Trending Posts / Doyle Collection / Doyle Hotels

Doyle Collection Records Increase In Profit

New accounts filed for Doyle Hotels (Holdings) Ltd indicate that the company's operating profit rose 40% to €20.8 million last year while turnover increased just short of 5% to €141.5 million.

Additionally, the hotel group's pretax profit increased from €2.5 million in 2016 to €12.9 million last year, with its cost of sales rising 3.8% to just below €110 million and administrative expenses increasing 11.4% to €6.1 million, as reported by The Irish Times.

Ireland, US And UK Figures

The company's Republic of Ireland specific revenues rose 9.5% to €54 million last year while US revenues remained flat at €25 million and UK revenues rose 3.5% to a little over €62 million.

© 2018 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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