NTR reports 300% hike in earnings

NTR has reported a more than 300% increase in earnings generated from continuing operations as a result of a new wind farm coming on stream and a further reduction in costs.

In its interim report for the first half of the year ending Sept 30, 2013 the company reported earnings before interest, taxes, depreciation and amortisation (EBITTDA) of €19.7m or 336% higher than the same period last year.

The huge jump in earnings came from the starting of operations of the Post Rock wind farm facility and a further reduction in costs across the group.