Waterstone’s profits fall by €320,000

BOOKSELLER Waterstone’s Ireland saw profits fall by just over €320,000 last year.

The company, part of the book and music retailer HMV Group, recorded pre-tax profits of €1.1 million in the 53 weeks to April 30, 2005, down 20% on the previous year.

Accounts just filed for the company, which has half a dozen outlets in Ireland, show sales for the year grew from €25.5m to €27.4m.