NTR sees losses before tax rise to €50m

Investment group NTR has reported a loss before tax from continuing operations of nearly €50m, actually increasing by €5m on the reported losses before tax last year.

However due to the nature of NTR’s windfarm business in the US, the company received nearly €17m in tax payments.

This payment along with another €16m from some discontinued operations, such as the sale of Greenstar, has led to the company reporting a loss for the year of €16.2m, down from losses of €88.8m the same time last year.