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Doherty’s Harcourt profits double

 

 

 

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BY C.J.MCGINLEY

 

pat doherty

Harcourt Developments, the property group behind the iconic €100 million Titanic Quarter development in Belfast, has reported its operating profits doubled to more than €25.9million.

Mr Doherty, is well known in Donegal where his company owns Letterkenny Shopping Centre, the Lough Swilly Bus Company and the county’s only five star hotel- Solis Lough Eske near Donegal Town and the Redcastle Hotel in Inishowen.

New accounts just filed by Harcourt Developments show a 115pc jump in operating profits despite a 19pc fall in sales to €106.5m last year.

Interest payments totalling €23.2m and €2.36m written off in investments resulted in the group recording a pre-tax profit of €380,738. That followed a pre-tax loss of €14m in 2011.

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Led by Mr Doherty, one of Harcourt Developments’ directors is Andrew Parker Bowles, former husband of Camilla, Duchess of Cornwall, and wife of Prince Charles.

 

 

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