Pre-tax profits increased 51% to €1.48 million at Co. Wicklow's Druids Glen Hotel & Golf Resort last year while revenues rose 5% to €13.5 million.
Druids Glen company Obalus Hotel Company Ltd recorded post-tax profits of €1.29 million following a corporation tax payment of €187,919. The company's accumulated profits amounted to €2.37 million at the end of last year.
Meanwhile, the number of people employed by the Druids Glen resort increased from 221 to 228 last year; staff costs increased from €5.1 million to €5.5 million; and Obalus Hotel Company's cash pile increased from €251,486 to €514,389.
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According to The Irish times, Obalus Hotel Company's directors stated that the "results for the year and the financial position at the year end were considered satisfactory" and they "anticipate similar results for the foreseeable future."
© 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.