Thursday 25 December 2014

Losses narrow at Irish Open hosts

Gordon Deegan

Published 06/01/2014 | 02:30

Rugby stars Ronan O'Gara, left, and Rob Kearney, right, with golfer Shane Lowry in the past at the popular sports hotel. SPORTSFILE

Pre-tax losses at the four-star hotel resort that hosted last year's Irish Open narrowed in 2012.

New figures just filed to the Companies Office for 2012 and 2011 for Chockablock Ltd and the subsidiary that operates Carton House in Kildare show that the business recorded combined losses of €3.89m in the two years.

However, losses reduced by 11pc in the 12 months to the end of December 2012 to €1.83m as revenues increased to €16.3m.

"The results for the year demonstrate the growing strength of Carton House," according to the directors' report.

"The profit generated before interest and rents amounted to €1.35m -- €1.12m in 2011. Growth of 3pc in revenues and a 21pc improvement in profitability are very significant achievements."

The resort's sporting facilities are used by top teams in various sports -- the most recent was the Irish rugby team last autumn, while the British and Irish Lions used the resort last May.

Previously, top soccer teams Real Madrid and Chelsea along with the Argentina national team have used Carton House as a training base.

Last year, the resort's profile received a boost when Rory McIlroy and a host of top golfers competed at Montgomerie golf course in the Irish Open.

Irish Independent

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