Gleneagle reports loss

Gleneagle Holdings (Killarney) recorded a pre-tax loss of more than €600,000 for 2013 according to latest filings.
 The loss was partly due to reorganisational costs at the group last year, which included adding additional staff to its sales and marketing team. The loss followed a pre-tax profit of €47,348 in 2012 and arose as revenues slipped from €22.19m to €21.74m last year.
 A large increase in interest payments to €903,000 in 2013 resulted in the pre-tax loss while the group reported an operating profit of €297,245.
 
 

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