Operating Profit And Revenues Rose At Co. Clare's Trump Hotel Last Year
New accounts for the company behind the Trump International Golf Links & Hotel in Doonbeg, Co. Clare, have revealed that its operating profit increased 71-fold to €209,858 in 2019 while its revenu...
New accounts for the company behind the Trump International Golf Links & Hotel in Doonbeg, Co. Clare, have revealed that its operating profit increased 71-fold to €209,858 in 2019 while its revenues rose by 4.5% to €11.99 million.
As reported by The Irish Times, the new accounts for the company behind the resort, TIGL Ireland Enterprises Ltd, also reveal that the firm experienced a €1.378 million pre-tax loss in 2019 due to non-cash depreciation and amortisation costs of €1.58 million and interest costs of €6,995 last year.
The €1.378 millon pre-tax loss last year was 8% less than the €1.49 million pre-tax loss that the firm experienced in 2018.
Additionally, €923,811 was spent on capital improvements at the Trump International Golf Links & Hotel last year; the number of people employed at the property increased from 221 to 230; its staff costs increased by 3.5% to €6.57 million; shareholder funds amounted to €19.3 million at the end of last year; and a €10.2 million gross profit was experienced, with €10 million in administrative expenses resulting in the €209,858 operating profit.
© 2020 Hospitality Ireland – your source for the latest industry news. Article by Dave Simpson. Click subscribe to sign up for the Hospitality Ireland print edition.