Dramatic upturn in NTR’s fortunes sees first profit in six years

Irish renewable energy investor and asset management group NTR witnessed a dramatic upturn in its financial performance last year having increased profits by €47.5m.

The group recorded a profit of €31.4m for the financial year ending March 2014, having posted a loss of €16.2m 12 months previously.

The strong performance of wind and water assets as well as a substantial reduction in overheads contributed to the reversal in fortunes.