Pre-tax losses at Shelbourne drop 98%

Pre-tax losses at the company that manages the five-star Shelbourne Hotel in Dublin narrowed by 98% to €104,282 last year.

Accounts filed with the Companies Office by Torriam Hotel Operating Company Ltd show that the firm sharply narrowed its losses after revenues increased marginally, from €9.3m to €9.4m, in the 12 months to the end of December last.

The €104,282 pre-tax loss last year follows a loss of €7.6m in 2010.