West Cork's Inchydoney Island Lodge and Spa reduced its accumulated losses from €640,322 to €378,533 in 2017.
The Sunday Business Post reports that the venue's assets were worth €2.5 million last year while it owed €2.9 million to creditors, up from €2.7 million the previous year.
Meanwhile, staff costs came to €2.8 million and directors shared remuneration of €435,375.
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