Lisney increases operating profits by 81% despite dip in gross profit

THE newly appointed managing director of property firm Lisney, James Nugent, said yesterday he is satisfied with the company’s performance last year.

Mr Nugent was commenting on accounts just filed by Lisney Ltd which show that the firm increased its operating profits by 81% from €466,114 to €846,149 in the 12 months to the end of March last year.

The property company increased its operating profits in spite of the firm’s gross profit decreasing by 4% from €8.9m to €8.5m last year.