Dromoland Castle sees profits slide

Increased capital spend at the firm that operates the five-star Dromoland Castle hotel last year contributed to pre-tax profits at the business decreasing by 73% to €63,816.

The sharp drop in pre-tax profits from €242,477 to €63,816 at Dromoland Castle Holdings Ltd came in spite of revenues rising 14% from €13.7m to €15.59m in the 12 months to the end of December last.

Last year, Dromoland celebrated 50 years in business and some of its distinguished guests over the years include two former US presidents, George Bush and Bill Clinton along with Nelson Mandela, Muhammad Ali and The Beatles.