Lyrath Estate Hotel shrugs off pre-tax loss of €278,278

The company that operates the €40 million Lyrath Hotel in Co Kilkenny recorded a pre-tax loss of €278,278 in 2010.

According to an auditor’s report filed with the Companies Office the Lyrath Estate Hotel recorded a cash profit of €31,373 in the 12 months to the end of December 2010.

The auditor’s report states that the company incurred a pre-tax loss of €278,278 but after taking a non-cash depreciation charge of €309,651 into account, the company made a cash profit of €31,373.