Imperial Hotel profits fall 40%

CORK’S oldest hotel, The Imperial, saw profits plunge by more than 40%, according to its most recent set of accounts.

Profit before tax for the city centre hotel fell to e419,177 in 2007 compared with e727,386 in the previous year.

No turnover is given for the hotel, but gross profit was up slightly from e3.23m to e3.3m in 2007.