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.
View the original article by Dave Simpson on Hospitality Ireland.
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