Nightclub firm’s profits fall to €353k

PRE-TAX profits at the company that operates one of the best known night-time entertainment venues in the country, the Central Park nightclub in Galway city, decreased last year by 82% to €353,884.

Central Park (Galway) Ltd also operates Halo nightclub and employs 135 people, with returns just filed to the Companies Office showing that pre-tax profits decreased from €2 million in 2009 to €353,884 in the 12 months to the end of June 30, 2010.

The directors of Central Park (Galway) Ltd state that the reason for the drop in business was the closure for renovations of the Central Park nightclub for five months.