FBD Hotels & Resorts reports 48% rise in 2015 earnings to €9.2 million

The company said it had enjoyed a strong performance from its hotel portfolio

The Castleknock Hotel & Country Club

FBD Hotels & Resorts has reported a 48 per cent increase in earnings to €9.2 million last year duea strong performance from its hotel portfolio in a recovering market.

The company, which is now fully-owned by Farmer Business Developments following its purchase of FBD's 50 per cent share last October, said it is aiming for an operating profit of €50 million by the 2020 financial year.

It also announced the appointment of Ian ...