Irish Life & Permanent reports rise in profits to €270m for first half

IRISH Life & Permanent reported a 32% boost to pre-tax profits to €270 million for the first half of 2005, over the same period last year.

Despite the sharp rise in earnings the shares in the group fell 34 cent to €15.06.

The drop is part explained by the statement of the results also under the European Embedded Value measure.