Dalata Hotel Group PLC (DAL.L,DLTTF), an Irish hotel operator, on Tuesday posted a decline in earnings for the first half. However, the company recorded an increase in revenue.
For the six-month period to June 30, the Group recorded a profit before tax of EUR 23.294 million, less than EUR 41.880 million in the same period last year. Adjusted profit before tax also moved down to EUR 30.900 million from EUR 44.738 million a year ago.
Net income stood at EUR 19.604 million as against the previous year's EUR 35.771 million, mainly due to strategic review related costs and an increase in non-cash accounting charges. Adjusted earnings were EUR 26.940 million, compared with EUR 37.915 million in 2024.
Net profit per share was 9.1 cents, compared with 15.9 cents a year ago. Excluding items, income per share also declined to 12.5 cents from last year's 16.8 cents per share.
Operating income moved down to EUR 56.682 million from EUR 69.593 million in 2024.
RevPAR was EUR 108.61, compared with EUR 110.77 last year. The average room rate slipped to EUR 140.75 from the prior year's EUR 142.67 a year ago.
Revenue was EUR 306.463 million, up from EUR 302.345 million in the previous year. This growth was driven primarily by contributions from new openings and additions, which added EUR 16.4 million to revenue. This was partially offset by the sale of two hotels, Maldron Hotel Wexford and Clayton Whites Hotel, Wexford, which resulted in a EUR 6.9 million revenue reduction.
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