O’Brien leasing firm profits rise to €1.7m

Pre-tax profits at businessman, Denis O’Brien’s Dublin-based aircraft leasing business, Aergo Capital last year increased six fold to $2.28m. (€1.7m)

This followed revenues at the firm increasing by 597% from $6.4m to $44.89m in the 12 months to the end of December 2013.

The directors’ report attached to the accounts just filed to the Companies Office states that subsequent to year end, the group has undertaken a downsizing programme having reviewed its management resources for the business going forward.