Castleknock Golf Club hit a €1.6m profit last year -- one of five Monarch Properties companies to record a profit in 2010.
The property developers, who are also behind shopping centres in Tallaght, Dundalk, Navan and Athlone, recorded profits of €2.8m last year in total.
Other companies in the group include L&C Properties Ltd which returned a profit of €485,815; Lagonda Ltd, €298,531; M50 Motors Ltd, €274,685,; and Mariena Properties Ltd, €134,991.
Another five Monarch companies recorded aggregate losses of €3m last year.
Among the 10 trading companies in the Monarch Group, the figures show a net loss of €203,000.