Yarra Golf reports strong financial results
Yarrawonga Mulwala Golf Club Resort is pleased to confirm positive results in publishing its 2021/22 Annual Report, headlined by an operating profit after depreciation of $613,135.
After the third successive year of highly challenging operating conditions, Yarra Golf Chief Executive Officer Peter Savy noted his pride in his team’s resilience.
“The service and care they have shown our Members and visitors while navigating COVID, supply chain disruptions, product shortages, staff shortages and extreme weather events should not be underplayed.
“The results we have generated over the last 12 months are merely a reflection of the tireless contribution of everyone across the Club.”
Club President Gil Cunningham echoed Mr Savy’s positive reaction.
“Australia-wide, the hospitality industry has faced incredible challenges – across staffing, logistics and rising inflation. The impacts of these shortages and supply issues are also magnified in regional areas such as ours.
“While navigating some of the most turbulent periods in our industry’s history, our Club has continued to deliver our Members – and the greater public – with outstanding facilities and levels of service of which we should all be proud.”
Key elements of the Club’s 2021/22 financial results:
- An operating profit after depreciation of $613,135
- Accommodation revenue up 18% YoY, moving from $1,855,625 in 20/21 to $2,190,641 in 21/22.
- Trading revenue growing by 11% YoY to $7,791,582
The Club’s Annual General Meeting (AGM) is scheduled for 10am, Sunday 23 October – with registrations open from 9am.
Members are invited to hear reports on the Club’s 2021/22 results from the Board and Management team, as well as vote on the election of vacant Board positions, and on Special and Ordinary resolutions.
Information and bios relating to Board nominees are available on the Club notice board.
The AGM agenda is available to download here: Download 2022 AGM Agenda.