Morgan Fuels revenue tops €110m

Revenues at the fuel group owned by the man at the centre of a donations controversy that derailed Sean Gallagher’s presidential bid topped €110m last year, new figures show.

According to accounts just filed by Hugh Morgan’s Morgan Fuels Ltd with the Companies Office, they show that pre-tax profits almost halved to €324,876 at the group in the 12 months to the end of March last year, in spite of the increase in revenues.

The figures show that the group’s revenues increased by 13% from €96.8m to €110m, with pre-tax profits declining by 46% from €607,984 to €324,876.