Ballymaloe Hotel enjoys turnaround in fortunes

The renowned Ballymaloe Country House Hotel last year enjoyed a turnaround in fortunes, returning to profit.

Ballymaloe last year celebrated its 50th year in business and new figures show it enjoyed a modest profit of €4,949 in the 12 months to the end of October, after recording a loss of €185,933 in the previous 12-month period.

Figures, lodged with the Companies Office by Yeats Room Ltd, show that accumulated profits at the firm increased from €2.136m to €2.141m last year. During the same period, the firm’s cash pile increased from €468,292 to €509,214.