Dalata Hotel Group's H1 profits down 45% on review costs

Dalata Hotel Group's H1 profits down 45% on review costs

The country's largest hotel group Dalata Hotel Group has reported higher revenues but lower profits for the six months to the end of June after what it called a "challenging" period for tourism in Ireland.

Dalata Hotel Group Sees Profits Fall 45%

The country's largest hotel group, Dalata Hotel Group, has seen its profits plunge by 45% in what it described as a "challenging" first half of the year. The company reported half-year revenues of €306.5m, an increase of 1% on the €302.3m reported the same time last year. However, its profit after tax plummeted €19.6m from €35.8m on the back of costs related to the strategic review that resulted in its planned €1.4bn takeover by Scandinavian hot…

Dalata Hotel Group Profits Fall 45% on Strategic Review Costs

Costs associated with the strategic review which led to the agreed sale of the company dragged down profits at Dalata Hotel Group in the first half of this year. Latest figures for the group – which owns the Clayton and Maldron hotel chains – show a 45% year-on-year slump in post-tax profit to €19.6m, for the first six months of this year, while revenue crept up 1% to €306.5m. Dalata – which owns and operates hotels across Ireland, the UK, Germa…

Dalata reports 45% drop in profits ahead of takeover vote

Dalata Hotel Group has reported a 45% drop in profit before tax to €23.3m (£20.1m) in H1 amid cost pressures and softer UK hotel demand.