Pre-tax profits at the flagship pub and restaurant business operated by one of the country's best-known publicans, Declan O'Regan, fell by 22pc last year.
Accounts filed by O'Regan's Telfer, which operates Hogan's bar and L'Gueuleton restaurant in Dublin's South Great George's Street, show pre-tax profits fell from €1.18m to €919,507 in the 12 months to the end of May last year.
Mr O'Regan is a brother of the late entrepreneur and publican Hugh O'Regan, and the figures show the firm's pre-tax profits fell as its gross profits remained static at €5.2m
According to the directors' report, they are satisfied with the year's results.
They say they "are confident that turnover can be increased during the coming year and anticipate that profitability can be maintained".