Author Topic: Losses at Trump's Scottish resorts doubled last year  (Read 842 times)

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Losses at Trump's Scottish resorts doubled last year
« on: October 07, 2017, 05:12:11 pm »

Losses at Trump's Scottish resorts doubled last year

By bernard condon, ap business writer

NEW YORK — Oct 7, 2017, 12:28 PM ET


Donald Trump boasts of making great deals, but a financial report filed with the British government shows he has lost millions of dollars for three years running on a couple of his more recent big investments: his Scottish golf resorts.

A report from Britain's Companies House released late Friday shows losses last year at the two resorts more than doubled to 17.6 million pounds ($23 million). Revenue also fell sharply.

In the report, Trump's company attributed the results partly to having shut down its Turnberry resort for half the year while building a new course there and fixing up an old one.

His company has faced several setbacks since it ventured into Scotland a dozen years ago, and its troubles recently have mounted.

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http://abcnews.go.com/Business/wireStory/losses-trumps-scottish-resorts-doubled-year-50342505
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