Fota Island resort swung into 2022 profit

The pre-tax profit of €1.76m compares to a pre-tax loss of €467,272 for the prior 12-month period.

In 2013, the Kang family purchased the five-star Fota Island resort for a reported €20m. Pic Michael Mac Sweeney/Provision

The luxury Fota Island resort in Cork last year returned to profit to record pre-tax profits of €1.76m as the business recovered from the Covid-19 impact.

Fota Island resort operator, Xiu Lan Hotels Ltd returned to profit for the 18 months to the end of March last as revenues increased by 31pc from €13.04m to €17.1m.