Profits Decline At Radisson Blu Royal Hotel Parent Company
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.
© 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.