Operating profit decreases

The Silver Springs Hotels has recorded an operating profit of £704,635, for the year ended December, 31st, 1996

The Silver Springs Hotels has recorded an operating profit of £704,635, for the year ended December, 31st, 1996. This represents a decrease of £267,364 on the previous year for the company which operates the Silver Springs Hotel in Cork.

Gross profits were marginally up from £4 million to £4.2 million, while pre-tax profits were down from £729,982 to £577,775.