The impact of Covid-19 closures and restrictions resulted in pre-tax losses more than doubling at the Donald Trump owned Doonbeg golf resort to last year.
The West Clare resort has recorded a loss of more than 3.5 million euro before tax.
The pre-tax loss of 3.59 million euro for 2020 for the company behind the luxury resort follows a pre-tax loss of €1.37m for 2019 – a rise of 162 percent.
The accounts confirmed that the company received €496,565 in Government grants last year in the form of Covid-19 wage supports.
Trump Doonbeg lost more than half its workforce in 2020, as numbers employed declined from 230 to 112 as staff costs reduced €6.5 million to €3.5 million.
The directors’ report says Covid restrictions have ‘had a direct impact on the group’s results for 2020’.
They add that the restrictions continued into 2021 and the hotel and resort re-opened in June and the business ‘has returned to pre-Covid-19 levels of trading since’.
The new accounts show that a further €1.5 million was ploughed into the resort by its owners last year and this followed a capital contribution of €1.8m in 2019.
At the end of last year, the company’s shareholder funds totalled €17.8 million.
The accounts were signed off by directors, Eric Trump and General Manager, Joe Russell on November 22nd.
