NCB reports €77k after-tax loss
Latest annual accounts to be lodged with the Companies Registration Office, on behalf of the third largest stockbroking firm in the country, show that before costs and tax were accounted for, the company made a profit of just €66,000. In the previous year it generated a pre-tax profit of €956,000. According to the directors’ report, management was “satisfied with the level of turnover and the result achieved in a competitive market” last year.
The 2009 results also show a significant drop in revenue, from €38.86 million to €27.45m, and a slight widening in NCB’s annual operating losses, from €735,000 in 2008 to €798,000. Investment revenue fell from €2.34m to just over €1m.
