New accounts filed by Luxor Leisure, which operates the Radisson Blu Royal Hotel on Dublin's Golden Lane, have revealed that the firm's pre-tax profits decreased by 32% to €1.15 million during the year that ended on October 31, 2019.
Meanwhile, the company's revenues decreased by 4% to €12.3 million; its post-tax profit amounted to €1 million; the number of people employed by the Radisson Blu Royal Hotel remained static at 150; and staff costs increased from €3 million to €3.37 million.
Additionally, Luxor Leisure's cash funds decreased from €4.8 million to €2.8 million and its shareholder funds amounted to €8.17 million at the end of last October, as reported by The Irish Independent.
Luxor Leisure is owned by Galway-based building group JJ Rhatigan.
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