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Revenues Rise 13% At Killarney Hotels Ltd

Published on Oct 19 2017 11:35 AM in Hotel tagged: Kerry / Dunloe Castle / Europe Hotel / Killarney Hotels Ltd

Revenues Rise 13% At Killarney Hotels Ltd

Killarney Hotels Ltd, which operates Co. Kerry's Europe Hotel and Dunloe Castle, has posted new accounts revealing revenues at the firm rose 13% to €19.2 million in 2016. According to The Irish Ind...

Killarney Hotels Ltd, which operates Co. Kerry's Europe Hotel and Dunloe Castle, has posted new accounts revealing revenues at the firm rose 13% to €19.2 million in 2016.

According to The Irish Independent, the group's turnover has risen 126% since 2011, when revenues amounted to €8.49 million. However, the company recorded a pre-tax loss of €5.5 million as a result of non-cash depreciation charges of €6.2 million.

Meanwhile, renumeration for directors amounted to €606,694, including €34,776 in pension contributions, and employment numbers rose from 175 to 191, with staff costs increasing from €7.3 million to €8 million. Additionally, shareholder funds amounted to €3.5 million and the company's cash pile increased from €6.6 million to €8 million.

Commenting on the statistics for 2016, a directors' report said they "consider the performance of the company to be in line with expectation."

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