But the company, which is also involved in hostels, construction and investment activities, enjoyed a 3% rise in turnover from €16.9 million to €17.4 million.
This follows a 4% rise in turnover the previous year.
While Operating Profits fell, the reversal of impairments on freehold properties at the company led to an exceptional gain during the year of €7,377,072.
The average number of monthly employees in the year to 28th February was 104 (down from 114 the previous year) comprising 51 bar staff (down from 62), 46 hotel staff and three construction staff as well as four Admin staff (up one).
Staff costs (including directors’ remuneration) for the year came to just over €3 million, slightly up on the previous year.
Remuneration for the three directors Marie, Martin & Vera Keane totalled €319,861, up 15% on the previous figure of €279,310.