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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>

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    Mute Charles Malone
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    Dec 1st 2021, 8:27 PM

    Should cancel the Winter Olympics

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    Mute Dave Harris
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    Dec 1st 2021, 8:28 PM

    At least one organisation is standing up to China. iOC have been a disgrace during this. Sports people getting disappeared in 2021 is shocking.

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    Mute Martin Malone
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    Dec 1st 2021, 10:04 PM

    @Dave Harris: …don’t forget FIFA and FA…’let’s all wear rainbow laces and take the knee…except when you’re in Qatar or Saudi Arabia’

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    Mute Thomas Byrne
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    Dec 1st 2021, 9:48 PM

    Fair play to the world Tennis association, finally an organisation that will out it up to Chine

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    Mute This time its personable!
    Favourite This time its personable!
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    Dec 1st 2021, 11:09 PM

    @Thomas Byrne: Well if no one else will, it’s a ballsy move and I’m sure china won’t budge but it’s the honorable thing to do and they will lose money for sure. Think it’s the women’s tennis association.

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    Mute Trevor W
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    Dec 1st 2021, 10:20 PM

    Fair play. Most sporting organisations can’t see through all the money thrown at them by various countries so they let their values take a back seat.

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    Mute D
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    Dec 1st 2021, 10:37 PM

    About time some international sports organisations stood up to countries like China. Pity that certain golfers (led by Greg Norman) don’t have the moral integrity to deny Saudi Arabia the “moral whitewashing” they are seeking by buying golfers with unlimited oil money.

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    Mute Ger Murray
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    Dec 2nd 2021, 5:50 AM

    Yes I surely Smell a bat

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