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Castleknock Golf Club makes €1.6m

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.