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Pre-Tax Profits Rise At The Byrne Hotel Group

By Dave Simpson

New figures lodged with the Companies Office have revealed that pre-tax profits rose 56% to €39.6 million at the Byrne Hotel Group in 2018.

The group's post-tax profits amounted to €28.8 million following a corporation tax payment of €10.8 million. Meanwhile, revenues amounted to €18.52 million.

Additional Statistics

Additionally, the number of people employed by the group decreased from 77 to 73; staff costs came to €2.3 million; directors' pay amounted to €750,000; operating profit totalled €11.59 million; the group's cash pile decreased from €17.2 million to €16.6 million; the group received dividends of €10.67 million; and its shareholder funds total €204 million, as reported by The Irish Independent.

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The Byrne Hotel Group operates Galway's Victoria, Eyre Square and Salthill hotels, Dublin's Albany House hotel, and the Best Western Appleby Park Hotel in the UK.

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