Pre-Tax Profits Rise At Co. Kilkenny’s Lyrath Estate Hotel

Pre-tax profits rose 67% to €834,879 at Co. Kilkenny’s Lyrath Estate Hotel last year while revenues at Lyrath Demesne Ltd rose 8.5% to €12.7 million.

Meanwhile, the number of people employed by Lyrath Demesne Ltd decreased from 202 to 199 last year; the company’s staff costs increased from €4.7 million to €5.14 million; its gross profit came to €10.36 million; administrative costs of €8.87 million resulted in an operating profit of €1.49 million; and post-tax profits amounted to €650,028 following a €184,951 tax payment.

Additionally, the company’s cash pile increased from €717,809 to €758,767 and its shareholder funds amounted to €4.17 million at the end of last year.

Stay up to date

Latest News

  • Retention of 9% VAT rate “crucial” to tourism industry
    Retention of 9% VAT rate “crucial” to tourism industry

    Dublin’s Ashling Hotel has welcomed the Government announcement that the 9% VAT rate will be retained for a further six…

    7 March, 2023

  • Kilkenny’s Newpark Hotel Welcomes New General Management Team
    Kilkenny’s Newpark Hotel Welcomes New General Management Team

    Kilkenny’s Newpark Hotel has announced the appointment of a new general management team to acheive its ‘ambitious future goals.’   The strategic…

    4 August, 2023

  • Mark Scott-Lennon Discusses Working At Fitzpatrick Castle Hotel
    Mark Scott-Lennon Discusses Working At Fitzpatrick Castle Hotel

    Mark Scott-Lennon is the managing director of the luxurious Fitzpatrick Castle Hotel, situated in a gorgeous eighteenth-century castle near Dalkey…

    4 August, 2023

  • Mark Dunne Explains Mount Juliet and SETU Work Placement Programme
    Mark Dunne Explains Mount Juliet and SETU Work Placement Programme

    In an industry where skilled roles are hard to fill, Mount Juliet Estate and South-East Technological University (SETU) have just confirmed an exciting partnership…

    4 August, 2023

  • Diageo Ireland Launches Tailors Bar At Dublin Airport
    Diageo Ireland Launches Tailors Bar At Dublin Airport

    Diageo has launched Tailors Bar, a cocktail and spirit venue, in Terminal 2 at Dublin Airport.   Details Tailors Bar…

    4 August, 2023

  • Andy Ferreira Discusses Cork Cocktail Bar Paladar
    Andy Ferreira Discusses Cork Cocktail Bar Paladar

    Paladar, in Cork – a Latin American-inspired cocktail bar and kitchen with a rotating menu of classic and signature cocktails…

    4 August, 2023

  • Dublin’s F.X. Buckley Named World’s Sixth Best Steak Restaurant
    Dublin’s F.X. Buckley Named World’s Sixth Best Steak Restaurant

    F.X. Buckley in Dublin has been named the sixth best steak restaurant in the world on the 2023 World’s 101…

    4 August, 2023

We use cookies in order to give you the best possible experience on our website. By continuing to use this site, you agree to our use of cookies.
Accept
Reject