Monday 25 September 2017

Harcourt sees profits more than double

The popular Titanic visitor centre is situated in Belfast’s Titanic Quarter, developed by Harcourt Developments
The popular Titanic visitor centre is situated in Belfast’s Titanic Quarter, developed by Harcourt Developments

OPERATING profits at the Dublin-based property group behind the iconic €100 million Titanic Quarter development in Belfast, last year more than doubled to €25.9m, writes Gordon Deegan.

New accounts just filed by Harcourt Developments show a 115pc jump in operating profits despite a 19pc fall in sales to €106.5m last year.

Interest payments totalling €23.2m and €2.36m written off in investments resulted in the group recording a pre-tax profit of €380,738. That followed a pre-tax loss of €14m in 2011.

Led by Donegalman Pat Doherty, one of Harcourt Developments' directors is Andrew Parker Bowles, former husband of Camilla, Duchess of Cornwall, and wife of Prince Charles.

Irish Independent

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