Mt. Juliet Cut Losses

Operating losses at five-star hotel and golf resort Mount Juliet more than halved in 2013 to €1.65m as revenues increased.
 julietLast year, entrepreneur Emmet O'Neill and Brehon Capital Partners bought  the resort for an estimated €15m.
The operating losses of €1.65m followed operating losses of €3.3m in 2012.
The  2013 losses reduced after revenues increased by 11.5pc from €7.18m to €8m.
It recorded a pre-tax profit of €869,178 after an exceptional net gain of €2.52m arising from €9.7m debt forgiven by group companies and an asset write-down of €7.2m.
 
 

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