Hobbs’ investment vehicle is back in the black

The property investment company established by celebrity consumer advocate Eddie Hobbs has returned to profit after two years of losses, figures show.

Hobbs’ investment vehicle is back in the black

Accounts just filed with the Companies Office, show that the Cork-based Brendan Investment Pan European Property plc recorded a pre-tax profit of €60,562 in the 11 months to Dec 31, 2011.

This followed the firm recording a €3.32m pre-tax loss in the 12 months to the end of Jan 31, 2011, after a pre-tax loss of €262,883 in 2010.

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