Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

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".

Get The Caterer every week on your smartphone, tablet, or even in good old-fashioned hard copy (or all three!).

The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.

close

Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking