Donald Trump’s Doonbeg resort has recorded its first operating profit since it was bought in 2014.
Accounts show the business recorded a modest operating profit of €2,939, with revenues increasing by 7.5 per cent to €11.47 million last year, following an operating loss of more than €330,000 in 2017.
The Irish Times reports that the resort company TIGL Ireland Enterprises Ltd recorded a pre-tax loss of €1.49 million last year, however, due to non-cash depreciation and amortisation costs of €1.487 million, including interest costs.
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The Trump Organization spent €1.2 million in capital improvements at the resort last year, following a spend of €1.4 million under the same heading in 2017.
