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Accumulated profits at the Curragh-based racing firm owned by one of the best known names in Irish horse racing, trainer Dermot Weld, increased to €4.61m last year.
Accounts recently filed by Mr Weld’s Rosewell Racing Ltd show that the company recorded post tax profits of €137,456 last year.
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Accounts show the firm’s cash funds declined from €525,454 to €1,856 in 2022
The Tattersalls Irish Guineas Festival (Friday 26 to Sunday 28 May) is fast approaching, signalling the first of the summer style racing awards.
The impact of Covid-19 continued to be felt during the year under review and the Weld firm benefited from Government grants of €143,653.