Bord na Mona back in profit

Bord na Mona’s operating profit increased to €23.5 million last year, marking a return to profit which was aided by a prolonged winter spell and consequent fuel sales.

Bord na Mona’s operating profit increased to €23.5 million last year, marking a return to profit which was aided by a prolonged winter spell and consequent fuel sales.

Overall profits for the group were €9.2 million, compared to a loss of €16 million for 2012.

Turnover increased by 11 per cent to a record €426.1 million to the end of March 2013.

At the announcement of its results in Dublin on Monday, the group noted that the results highlighed the importance of a balanced business portfolio, including power generation, resource recovery and retail products.

Group Chairman, John Horgan said that Bord na Mona would be pushing some big projects in the coming year in wind and renewable energy sources, as well as working on a sustainable water source for the eastern region, in a proposed reservoir facility at Garryhinch, Portarlington.