Donegal Daily
  • News
  • Sport
  • Courts
  • Jobs
  • Business
  • Lifestyle
  • Travel
  • Politics
  • Features
  • Donegal County Council News
Wednesday 18°CThursday 20°C

Donegal Daily Donegal Daily

sponsor banner
sponsor banner
  • News
  • Sport
  • Courts
  • Jobs
  • Business
  • Lifestyle
  • Travel
  • Politics
  • Features
  • Donegal County Council News
BusinessNews

Donegal developer’s Titanic project on the crest of a wave with €5M profit

written by Stephen Maguire January 2, 2020
FacebookTweetLinkedInPrint

Profits at Titanic Belfast, which is owned by Donegal developer Pat Doherty, increased last year by almost two-thirds to €4.96 million.

More than 900,000 people visited in the 12 months to the end of last March and this contributed to revenues increasing by 10% from £16.3 million to £17.9 million.

The Irish Times reports that a 9% increase in visitors helped Titanic Belfast Ltd’s pretax profits increase from £2.5 million to £4.2 million.

The visitor attraction celebrates Belfast as the birthplace of the ill-fated transatlantic liner.

Up to 90% of the 902,165 visitors to the venue last year came from outside Northern Ireland, with one in five international visitors stating that Titanic Belfast was the main reason for their visit.

The attraction comprises nine galleries within the Titanic Belfast building. The company also provides venues for conferences, events and banqueting.

Pat Doherty

The centre opened in March 2012 and thousands of Donegal people are included amongst its visitors each year.

Its success enabled Buncrana man Mr Doherty make a further return on his investment with a dividend payment of £1.65 million, up slightly on the £1.61 million he received the previous year.

The company employed 382 full-time and part-time workers during the year.

Donegal developer’s Titanic project on the crest of a wave with €5M profit was last modified: January 1st, 2020 by Stephen Maguire
FacebookTweetLinkedInPrint
Stephen Maguire

Stephen Maguire is the co-founder of Donegal Daily. He has worked as a reporter for almost 30 years starting locally with the Donegal Peoples Press before moving to the Mirror Group. He continues to contribute daily to national media outlets including the Irish Times, RTE, the Irish Independent, Irish Sun, Irish Mirror, Irish Star, the Daily Mail and the Examiner.

LEAVE A COMMENT

You may also like

Stock up and SAVE on fresh fruit...

3 minutes ago

‘Union representation is vital for Donegal firefighters’...

20 minutes ago

Castlefinn’s Matthew Doherty sets sights on college...

1 hour ago

Housing Minister urged to produce better scheme...

2 hours ago

Family’s guest tea raises €2,500 in memory...

2 hours ago

Notorious Letterkenny teen with almost 90 convictions...

3 hours ago

Minister McConalogue attends first Sports Council in...

3 hours ago

Twin Towns men who got into confrontation...

4 hours ago

Letterkenny man who gave Gardai ‘the fingers’...

4 hours ago

Call for anti-skid surface to be replaced...

4 hours ago
Advertisement
Advertisement

Donegal County Council

Facebook
Donegal County Council
Advertisement
Advertisement
Donegal Daily Jobs

Read More

  • News
  • Sport
  • Courts
  • Jobs
  • Sales & Services
  • Obituaries
  • Features
  • Business
  • Politics
  • Council News

Information

  • Contact Us
  • About
  • Advertise WIth Us
  • Privacy Policy
  • Disclaimer
  • Terms & Conditions

Our Sites

Donegal Woman
Donegal Woman
Donegal Daily

© 2025 Donegal Daily. All rights reserved.
Website by owenod


Back To Top.

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.OkPrivacy policy