All Leisure Group has reported a fall in profits of 69% to £2.7 million from £8.8 million in 2008.

Pre-tax profits were £2.6 million down from £9.1 million in 2008.

Turnover increased by 9% to £73.6 million from £67.5 million in 2008 for the year ending October 2009.

The company said this was partially due to a full year’s cruising from Swan Hellenic, the contribution of Hebridean Princess, which was acquired in April 2009, and an uninterrupted programme for Discovery.

In a statement chairman Roger Allard said: “Trading is still challenging across our industry and while UK confidence is slowly recovering, the continued weakness of sterling puts pressures on costs and therefore margins that are difficult to mitigate.”