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
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 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 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
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 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
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
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