Operating Profit And Revenues Rose At Co. Clare's Trump Hotel Last Year

By Dave Simpson
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 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.

Additional Statistics

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.

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