CB Richard Ellis to return to profit

ONE of the country’s largest property firms, CB Richard Ellis, expects to return to profit this year after pre-tax losses increased by 58% to over €850,000 last year.

In documents just filed with the Companies Office, they show that the company recorded the pre-tax loss of €876,509 following revenues at the firm declining by 41% from €14.3m to €8.3m to the end of December last.

The loss last year follows the company recording a pre-tax loss of €554,405 in 2008.