Five-star hotel manages to buck the trend with pre-tax profits of €1.67m

PRE-TAX profits surged at one of Cork city’s best known hotels, the five-star Hayfield Manor Hotel to €1.67 million last year, new figures show.

Accounts just filed with the Companies Office show that pre-tax profits at Hayfield Leisure Ltd increased to €1.67m from €45,836 in 2009.

The 87-bedroom hotel recorded the increase in profit after the company’s gross profit increased by 26% from €4.29m to €5.44m in the 12 months to the end of December last. No turnover figure is provided in the abridged accounts.