Financial results

Ascot Racecourse is set to return record prize-money of £17.5 million to the sport in 2024, having announced on Monday its financial results for the 12 months ended December 31, 2023. Turnover for that period rose by 9% to £110.9 million, with a pre-tax profit of £5.9 million--up from £3.4 million in 2022. The 2023 business summary highlighted several other points of interest: Gross profit percentage fell from 34.5% to 33.8%, reflecting increased costs and general inflationary economic conditions. Profit before tax increased by £2.5 million but EBITDA (Earnings Before...