Trump Turnberry narrows losses after first year of former director's presidency

05 October 2018 by
Trump Turnberry narrows losses after first year of former director's presidency

An annual financial statement for parent company Golf Recreation Scotland showed a jump in turnover - up from almost £9m in the year ending 31 December 2016 to £15m in 2017.

This led to a dramatic squeeze of the company's losses. In 2016 the company reported an overall loss of £17.6m - while this year the loss stands at £3.4m.

The site's operating loss before depreciation, amortisation and foreign exchange also narrowed to a £967,000 loss in 2017, compared to a £3.9m loss in 2016.

The site's director, and the US President's second son, Eric Trump, predicted that "in the short to medium term, the resort will have operating profitability for the first time in 10 years".

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