DONALD Trump's Scottish golf resort incurred a £3.38 million loss last year – meaning it has yet to turn a profit under his ownership.
Trump purchased the Turnberry resort in South Ayrshire in 2014 for £39.5m, and its losses since then amount to almost £33m.
The figures mark a fourth consecutive annual loss, and come in the first full year of operations since the resort was reopened after a redevelopment headed by Eric Trump.
However, the US President's son remained upbeat about the performance in his directors' report.
He said: “2017 was the first full year of operations of Turnberry under Trump Hotels ownership.
“The resort was comprehensively redeveloped but retained its signature classic style and grandeur. We feel the venue is well placed to become Scotland’s leading destination for weddings, conferences and events.
“In the first full year of operations Turnberry managed to post one of the most robust financial results in a decade.
“Having seen a decline in turnover of 21% in 2016 due to the resort only being open for six months, 2017 saw an increase in revenue year over year of 70%.
“The directors believe that the resort will return to profitability in the short to medium term.
“The Trump Organisation remains fully committed to the resort and further developments are ongoing.”
The accounts filed at Companies House show a turnover of £15.3m for 2017, and a loss of £3.38m
That compares to an equivalent turnover of £9m and a loss of £17.6m in 2017.
While this means performance improved last year, Trump's flagship Scottish golf attraction remains well in the red.
Eric is largely responsible for the redevelopment of the resort, but ultimate control rests with his father, through The Donald J. Trump Revocable Trust.
In the directors' report, he cites a possible reduction in demand for luxury travel and "adverse weather conditions" as major potential risks for the group.
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