Mixed fortunes for Esso Ireland last year

The Irish arm of international energy giant Exxon Mobil last year sustained a pre-tax loss of €9.25m despite revenues climbing by 8% to €706.7m.

According to accounts filed by Esso Ireland Ltd, pre-tax losses at the energy firm increased by 19%, from €7.7m to €9.2m, in the 12 months to the end of December last. Revenues rose from €654.5m to €706.7m.

The directors said: “The business climate in Ireland has continued to be extremely challenging. Despite this, turnover increased by 8% but at the expense of gross margin. Continued vigilance has ensured that other costs have been reduced despite inflationary pressures.”