Profits dip at Joe Walsh parent firm

THE holding company of the Joe Walsh tour and travel group saw pre-tax profits fall slightly in 2002 after a dip in turnover.

Recently-filed accounts for Azulu Holdings show that pre-tax profits for the year to end December 2002 fell from €306,968 to €283,814 as turnover for the year dropped by just over €1 million to €48.7m.

The company is the parent of Joe Walsh Tour, Joe Walsh Pilgrimtours and a number of other subsidiaries, including a 50% stake of Hotel Tara in France and 50% in the foreign exchange service Joe Walsh Forex.