Doyle Collection Records Increase In Profit

By Dave Simpson
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.

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