Campbell Bewley, the Irish hotel and café business that recently closed its two flagship cafés in Dublin, reported a €5.4m (£3.7m) profit for 2003.

The company reversed a loss of €2.2m (£1.5m) from the previous year by selling a stake in its British contract catering division to US contract catering giant Aramark for a massive €25m (£17.2m).

Campbell Bewley closed its two flagship stores in Dublin before Christmas - a move which resulted in 234 job losses and caused uproar throughout Ireland.