Mater profits rocket to €13.5m

PROFITS at the Mater Private Hospital in Dublin rose by almost 75% last year, making it the most profitable private treatment facility in the country.

Accounts for the hospital, filed at the Companies Registration Office, show pre-tax profits in 2004 rocketed to €13.5 million from €7.8m the previous year.

Improved profits were helped by a near 20% jump in revenue to €86m, while the increase in costs was less than the rise in turnover.