Viridian profits affected by closure of IFI facility

PROFITS at the Northern Ireland electricity power generator, Viridian were hampered in the first six months of the year by a near £1m bad debt incurred as a result of the closure of IFI’s production facilities.

However, the company would not comment on how much the actual debt was. Viridian Group Plc yesterday reported pre-tax profits for the six months upto September 30 of £29.8m up from £26.7m a year ago.

Company finance director Patrick Bourke said Viridian, owner of Northern Ireland Electricity, now has close to 25% of the newly-opened industrial and commercial markets in the Republic of Ireland.