Business school report shows €1.3m profit fall

PROFITS at the country’s largest private third-level college, the Dublin Business School, plunged by €1.3 million in 2004.

Newly filed accounts for the college show that in the 18 months to end December 2004, pre-tax profits fell from €1.48m to just under €160,000.

No reason was given in the accounts for the decline in profitability, though there was a significant rise in administration costs over the period.