Profits at company behind Talbot hotel group up 48%

Pre-tax profits at the firm behind the four-star Talbot hotel group and the long established Wexford-based Pettitt’s supermarkets rose by 48% to €2m in 2013.

The group also operates the Stillorgan Park Hotel in Dublin and revenues at the group declined marginally from €108m to €106m in the 12 months to the end of December 2013. Numbers employed by the group decreased from 735 to 721.

The directors’ report said “the results for the year and the financial position at year end were considered satisfactory by the directors in light of the current economic environment”.