"Operating profit at the historic resort more than doubled to £2.3 million, but a £2.9 million depreciation charge pushed the business into a pre-tax loss of £631,779 - an improvement on the £1.7 million loss recorded the previous year, when depreciation costs were slightly lower at £2.8 million. At Trump International Golf Links in Aberdeenshire, turnover rose by 22 per cent to £4.5 million, narrowing losses to £937,693 compared with £1.4 million in 2023."
"In a statement accompanying the accounts, Eric Trump, the former president's son and executive vice-president of the Trump Organization, said both properties were now seeing the benefits of sustained investment and renewed interest from overseas tourists. He said: "The revenue increase was driven by luxury travel groups and leisure visitors to Turnberry, while the golf business outperformed expectations. Ownership remains steadfastly committed to their vision for the properties and confidently foresees a positive fiscal improvement as the investment activities flow through in the medium and longer term.""
Turnberry increased revenue 15% to £24.2 million from higher visitor numbers, luxury travel groups and stronger high‑end golf performance. Operating profit more than doubled to £2.3 million, but a £2.9 million depreciation charge produced a pre‑tax loss of £631,779, down from a £1.7 million loss the prior year. Trump International Golf Links saw turnover rise 22% to £4.5 million and losses narrow to £937,693, helped by increased visitors and attention after the PGA Seniors Championship. Eric Trump said ownership remains committed to investment, foreseeing positive fiscal improvement as those investments flow through.
Read at Business Matters
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