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New accounts show Dublin-based Rory McIlroy Management Services Ltd saw pre-tax losses fall sharply by 70% from &euro;7.6million to &euro;2.2million.
However, the pre-tax loss for the firm arises after a non-cash write down of &euro;15million in image rights.
The accounts disclose that the net cash generated by the company from operating activities after tax and after interest paid totalled &euro;12.3million for 2021 compared to &euro;9.4million for 2020.
Last year was the second year golf was impacted by Covid-19 and 2021 revenues still lag behind 2019 revenues of $24.2million.
The directors of the company state that &ldquo;both the professional game and recreational golf have emerged strongly from the Covid-19 pandemic&rdquo;.
They added &ldquo;the outlook for the medium term is very promising&rdquo;.
The main activity is managing royalty earnings and management fees for 33-year-old Co Down star Rory.
</div>

Mcllroy firm's books show revenue of €19million

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