Hotel group’s profits plummet by 96%

Profits at the firm behind the four-star Talbot Hotel Group and the long-established Wexford-based Pettitt’s supermarkets plummeted 96% last year to €89,070.

The firm operates the Stillorgan Park Hotel in Dublin and figures show that revenues at the group dipped marginally from €108.2m to €107.4m in the 12 months to the end of December last.

The filings lodged by Torski Ltd to the Companies Office show that the group recorded pre-tax profits of €2.1m in 2010. Numbers employed by the group last year increased from 816 to 829.