Mount Juliet estate hotel and golf resort in Co Kilkenny recorded pre-tax profits of €9.38m in 2023, following a €1.7m loss in 2022.
The resort’s operating profits increased by 44% to €1.2m, with a significant boost from a €9.08m gain on shareholder loan interest write-off.
The resort’s cash funds decreased by €1.96m, with a shareholders’ deficit of €9.58m at the end of 2023.
Last month, Dublin based investment group Tetrarch Capital and businessman Emmet O’Neill entered into a deal to sell the resort to a company Tipberry Ltd, which is controlled by the founder of data centre developer Winthrop Technologies, Barry English for nearly €50m.
