Profits at Daft up despite €750k write-off

THE company behind property website daft.ie increased its profits last year despite writing down a €1 million investment in the firm which operates community website boards.ie.

Accounts recently filed with the Companies’ Office show that Daft Media last year increased its pre-tax profits by 8% to €1.7m.

Last year, the company acquired competing website property.ie, enabling it to increase its turnover by 55% from €3.7m to €5.7m to the end of December last.