Monday 22 January 2018

Small loss for thomond

The company that operates Thomond Park in Limerick saw sales increasing by 40pc last year, but it still posted a small loss.

Accounts just filed with the Companies Office by Thomond Park Stadium Co Ltd (TPSCL) show that the company's post-tax losses increased by 12pc to €1.5m in the year to the end of June last.

This was despite TPSCL increasing revenues from €2m to €2.8m in its first full year of operations.

Stadium Director John Cantwell yesterday explained that the loss is due to a depreciation charge of €1.39m and interest payments of €259,000.

Cantwell confirmed that revenues are expected to decrease by 8pc, or €224,000, in the current financial year due to the fact the FAI matches held in 2009/10 were not replicated this year.

Irish Independent

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