Nama reports €222m net profit

Nama has reported a net profit of €222.4m for the first half of this year, an increase of 6.5% on the same period last year.

According to the agency’s latest quarterly report published yesterday, net profit for the second quarter of the year amounted to just under €89.3m, down from €117.7m for the corresponding period last year.

The update also revealed that Nama has approved working capital of €1.34bn up to the end of last June, of which €863m had been drawn down.