Estate agency Lisney returned to profit last year

ONE of the country’s largest real estate firms, Lisney, last year returned to profit in spite of revenues falling 32% to €8.9 million.

In accounts just filed by Lisney Ltd to the Companies Office, they show the company recorded pre-tax profits of €427,793 to the end of March last year, after recording a pre-tax loss of €393,999 in 2009.

However, those results were adversely affected by amortisation of €2.25m in goodwill and there was no write down last year.