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Operating Profits And Revenues Rise At FBD Hotels And Resorts

By Dave Simpson

New acccounts for FBD Hotels and Resorts have revealed that the firm's operating profits rose by 44% to €8 million last year while its revenues rose 38% to €73.4 million.

Additionally, the company's earnings before interest, tax, depreciation and amortisation (EBITDA) came to €12.6 million in 2018, which was a 34% increase on the €9.4 million recorded in 2017; staff costs increased to €24.8 million; and the company paid a dividend of €3.63 million.

FBD's portfolio includes Co. Waterford's Faithlegg House Hotel and the Castleknock Hotel of Dublin.

Directors' Report

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As reported by The Irish Independent, FBD's directors' report stated, "Faithlegg continued to make good progress and recorded a profit of €1.3 million, which represents a profit of €16,000 per room."

The directors' report also stated that the Castleknock Hotel's performance last year "was excellent and ahead of expectations".

© 2019 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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Enjoy full access to Hospitality Ireland, our weekly email news digest, all website and app content, and every digital issue.
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Enjoy full access to Hospitality Ireland, our weekly email news digest, all website and app content, and every digital issue.
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