Advertisement

We need your help now

Support from readers like you keeps The Journal open.

You are visiting us because we have something you value. Independent, unbiased news that tells the truth. Advertising revenue goes some way to support our mission, but this year it has not been enough.

If you've seen value in our reporting, please contribute what you can, so we can continue to produce accurate and meaningful journalism. For everyone who needs it.

Mark Stedman/Photocall Ireland

Turf's up as Bord na Móna sees profits rise

The company has reported a growth in earnings for the fifth year in a row.

BORD NA MÓNA saw its profits rise by 23 per cent in  the past year, new figures show.

Business & Leadership reports that the company recorded profits after tax of €12.9 million in the year to March 2011.

This is an increase in 23 per cent from last year’s figure of €10.5m.

Bord na Móna’s turnover for the year was €382.1m, with earnings before tax rising by 12.6 per cent to €72.7 m.

This is the fifth year that the company has reported a growth in earnings.

However, RTÉ reports that the company has cut €1.8 million off the dividend it pays to the State, going from €5.2 m to 3.4 m.

Meanwhile, the site has launched a new website, www.bordnamona.ie.

For more information read this story in Business & Leadership>

Readers like you are keeping these stories free for everyone...
A mix of advertising and supporting contributions helps keep paywalls away from valuable information like this article. Over 5,000 readers like you have already stepped up and support us with a monthly payment or a once-off donation.

Close
Comments
    Submit a report
    Please help us understand how this comment violates our community guidelines.
    Thank you for the feedback
    Your feedback has been sent to our team for review.
    JournalTv
    News in 60 seconds