Top sporting hotel resort cuts losses by 11% to €1.8m as revenues rise
New figures just filed with the Companies Office for 2012 and 2011 for Chockablock Ltd, which operates Carton House in Kildare show the business recorded combined losses of €3.89m in the two years. However, losses reduced by 11% in the 12 months to the end of Dec 2012, from €2m to €1.83m as revenues rose from €15.89m to €16.3m.
According to the directors’ report: “The results for the year demonstrate the growing strength of Carton House. The profit generated, before interest and rents, amounted to €1.35m — €1.12m in 2011. Growth of 3% in revenues and a 21% improvement in profitability are very significant achievements in the current challenging economic environment.”
