Business Irish

Monday 19 March 2018

Balmoral shares steady despite loss

SHARES in Irish property company Balmoral International Land were unchanged last night after the company reported a pre-tax loss of €29.4m for 2010.

The company owns and manages mainly commercial property in Ireland, the UK, the Netherlands and Belgium. The latest losses come after Balmoral was forced to write down, or cut, the valuations of its properties by €30m to €209m at the end of 2010.

Conroy's retained losses hit €213,500

Conroy Gold, the Irish company looking for gold in Monaghan, unveiled a retained loss of €213,504 for the six months to the end of November.

The company had a loss of €183,126 in the same period a year earlier. The company raised €1.9m, net of expenses, through a share placing and subscription during the period.

"The positive results from the scoping study by Wardrop indicate the Clontibret gold project is viable," chairman Richard Conroy said.

Russell is new head of Tourism Forum

Joe Russell, general manager of the five-star Lodge at Doonbeg Resort in west Clare, is the new chairman of the Clare Tourism Forum.

He succeeds Rebecca Brew, of Crotty's Bar and Restaurant in Kilrush, in the position. Established in 2006, the Clare Tourism Forum provides a collaborative private and public approach to tourism promotion in Co Clare.

The forum aims to bring together all the tourism interests in the county and includes bodies such as Clare County Council and Shannon Development.

Europa League hits profits at Juventus

ITALIAN football giant Juventus lost €39.5m in the first half of the 2010/11 season, compared with a €14.2m profit a year earlier.

Revenue for the period was €88.8m, down 29pc on the €125m figure 12 months before.

The club's revenues have been hit by only competing in the Europa League, rather than the Champions League. It has also been affected by changes to the way Italian clubs share money from TV rights.

The board predicted "a significant loss" for the 27-times Serie A champions this season.

Irish Independent

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