Scally family owned luxury hotel group reports strong post-Covid demand and Government support for the sector
The revenue includes “other operating income” of €6.64 million, which comprises Government grants of that amount during the pandemic. This followed grants of €1.26 million under the same heading in the earlier 12-month period.
The accounts disclose that a management charge of €3 million was paid to Halfpoint Investments in April 2022 when that Scally family vehicle became the ultimate parent company of the group. . Shareholder funds at year end stood at €44.4 million, including accumulated profits of €32.25 million. Cash on hand fell from €3.16 million to €160,669.
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