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13/11/2002
Pre-tax profit hike for Viridian Group
The Viridian Group has reported a £3.1 million increase in pre-tax half-year profits.
The figures, released on Tuesday, revealed that for the six months up to the end of September, the company posted a pre-tax profit hike of £29.8 million compared to £26.7 million for the same period last year.
While turnover increased from £305.3 million to £331.8 million, adjusted operating profit was down from £48.5 million to £47.6 million.
The company's share price also went up by 3p to 498p in early trading.
Viridian's figures follow the disposal of financial services subsidiary, Open + Direct and the sale earlier this month of its 50% stake in Nevada tele.com, its cross-border telecoms business, to its joint venture partner, Energis.
Viridian chief executive, Patrick Haren, said good progress had been made during the first half of the year and that the company's strategy remains, he said; "to maximise the efficiency of our core regulated assets, to develop our energy business in competitive markets across Ireland and to maximise the potential of our unregulated businesses outside the energy sector".
(MB)
The figures, released on Tuesday, revealed that for the six months up to the end of September, the company posted a pre-tax profit hike of £29.8 million compared to £26.7 million for the same period last year.
While turnover increased from £305.3 million to £331.8 million, adjusted operating profit was down from £48.5 million to £47.6 million.
The company's share price also went up by 3p to 498p in early trading.
Viridian's figures follow the disposal of financial services subsidiary, Open + Direct and the sale earlier this month of its 50% stake in Nevada tele.com, its cross-border telecoms business, to its joint venture partner, Energis.
Viridian chief executive, Patrick Haren, said good progress had been made during the first half of the year and that the company's strategy remains, he said; "to maximise the efficiency of our core regulated assets, to develop our energy business in competitive markets across Ireland and to maximise the potential of our unregulated businesses outside the energy sector".
(MB)
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Viridian's year-end pre-tax profits rise to £80m
Viridian Group’s year-end results have revealed a £50 million increase in turnover, up from £730 million in 2002 to £781 million. Profits on the back of this turnover increase were up from ££80.5 million in the last financial year to £69.8 million.
Viridian's year-end pre-tax profits rise to £80m
Viridian Group’s year-end results have revealed a £50 million increase in turnover, up from £730 million in 2002 to £781 million. Profits on the back of this turnover increase were up from ££80.5 million in the last financial year to £69.8 million.
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Viridian announce results after 'challenging year'
Viridian Group Plc have announced an increased turnover in their end-of-year report despite writing down £71.9 million in goodwill charges. Viridian's turnover increased 14% for the year, up £58.9 million to £730 million resulting mainly from strong performances by NIE and Energia.
Viridian announce results after 'challenging year'
Viridian Group Plc have announced an increased turnover in their end-of-year report despite writing down £71.9 million in goodwill charges. Viridian's turnover increased 14% for the year, up £58.9 million to £730 million resulting mainly from strong performances by NIE and Energia.
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BA declines to confirm further job loss rumours
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