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Operating Profits Rise To £11.2m At Beannchor Group

By Dave Simpson

Operating profits at Northern Irish hospitality group Beannchor almost doubled during the year that ended on June 30, 2018, rising to £11.2 million while turnover increased 9% to £25.8 million.

The rise in the group's operating profits was primarily due to a reversal of a previous impairment of fixed assets, according to The Times.

Portfolio And Projects

Beannchor's hotel portfolio includes the Bullitt and Merchant hotels of Belfast. The group recently announced that it is investing £500,000 in a revamp of The Cloth Ear bar, which is part of the latter hotel.

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Beannchor is also currently developing a new £4 million hotel at Lisburn Square.

© 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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