New accounts filed by Triglen Holdings for Dublin's Russell Court Hotel, which includes Krystle nightclub and Dicey's Garden, indicate the business experienced a pre-tax loss of €803,033 last year.
According to The Irish Independent, the loss arose as a result of €806,888 in non-cash costs. Meanwhile, directors pay rose to €783,044 last year from €760,347 in 2016 and shareholder funds amounted to €15.45 at the end of 2017.
Additionally, staff costs increased from €4.32 million to €4.5 million, the company's cash pile increased from €374,376 to €424,100 and the book value of the firm's property dropped from €22.46 million to €22.13 million, with the amount the company owed in loans decreasing from €6.65 million to €5.94 million.
© 2018 Hospitality Ireland – your source for the latest industry news. Article by Dave Simpson. Click subscribe to sign up for the Hospitality Ireland print edition.