Strong revenue growth raises Viridian profits one-third to €126m

ELECTRICITY company Viridian said first-half profits rose by a third on the back of strong revenue growth.

The company, which is increasingly becoming a major player in the electricity market here through its supply business Energia and the Huntstown power station in Dublin, said operating profits in the six months to end September came in at £86.6 million (€126m).

Turnover for the period was up by nearly £50m (€72.87m) at £409.3m (€596.6m).