NTR profits soar by 34% to €169m

SOARING revenues from wind energy and waste management helped NTR record first-half turnover of €169 million, a 34% increase on last year, the infrastructure developer said yesterday.

Operating profits for the six months to June were around €3.5m higher at €12.4m. But pre-tax profits dipped from €12.6m to €10.1m as higher borrowing meant heftier interest charges kicked in.

The company, which began as a toll road operator, said its road operations now accounted for just 15% of total revenue and generated €26m during the period.