Airtricity’s profits tumble 26% despite revenue rise

A decrease in customer numbers last year contributed to pre-tax profits at energy firm, SSE Airtricity, falling 26% to €34m.

Accounts just filed by SSE Airtricity Ltd with the Companies Office show that the firm recorded the reduction in profits in spite of revenues increasing by 5% from €883m to €924.4m in the year to the end of March 31st last.

The hefty pre-tax profits of €93m enjoyed by SSE Airtricity over 2014, 2013, and 2012, allowed it last year pay a dividend of €70m to its Scottish based publicly quoted parent, SSE.