Renowned golf club’s profits halved in 2012

Profits at one of the country’s most renowned golf clubs last year declined by 46% to €291,947 after income from new membership fees plummeted.

According to Lahinch Golf Club’s annual report, the 121-year-old club recorded a surplus last year of €291,947 compared to a surplus of €540,231 in 2011.

The links club counts Irish rugby international, Paul O’Connell and multi- major winner, Phil Mickelson amongst its members and the chief factor behind the drop in profits was revenue from entrance fees declining by 94% from €262,999 to €15,000.