Losses increase at holding firm of Tifco hotel group | Business Post

  • 📰 businessposthq
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 71%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Turnover fell by nearly 60% at Trident, the holding company for hotel group Tifco, as the pandemic slashed sales. donalmacnamee97 reports.

Trident is the holding company of Tifco, which ran the state’s mandatory quarantine system at hotels including the Crowne Plaza, pictured. Picture: Getty

Turnover at the holding company behind Tifco, the hospitality group that operated Ireland’s mandatory hotel quarantine system for much of last year, dropped significantly in 2020 as its losses grew by more than 240 per cent. Recent filings show the pandemic “severely impacted” the group, which is ultimately owned by a US private equity firm.

Trident Super Topco No 1 DAC, headquartered in Dublin, posted revenues of €29.5 million in the 2020 fiscal...

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Take-home pay increases for minimum wage earners despite reduction of hours | Business PostThe average number of hours worked by minimum wage employees has fallen by almost one hour a week as pay has risen, according to a new report. KillianWoods reports.
Source: businessposthq - 🏆 8. / 71 Read more »

Value of Ireland’s food and drink exports increased to ‘record’ €13.5bn in 2021 | Business PostNew analysis from Bord Bia found that €37 million worth of food and drink were exported each day to more than 180 countries in 2021, with dairy exports the largest element
Source: businessposthq - 🏆 8. / 71 Read more »

Staff at Kildare hotel waiting months without redundancy payments | Business PostWorkers at the Celbridge Manor Hotel have yet to receive redundancy payments they were promised last November
Source: businessposthq - 🏆 8. / 71 Read more »

British-based hormone testing firm to launch in Ireland this year | Business PostHertility Health was founded by Cork-born twin sisters Helen and Deirdre O’Neill along with ovarian biologist Natalie Getreu
Source: businessposthq - 🏆 8. / 71 Read more »

Checkout cameras in Boots and Tesco criticised by civil rights groups | Business PostThe front-facing cameras pose clear risks to privacy and could be used for facial recognition, according to UK-based Big Brother Watch
Source: businessposthq - 🏆 8. / 71 Read more »