NTR on course for payout

NTR – the wind farm, water treatment and roads investment conglomerate — has said it is still on course for another tens of million-euro payout to its warring shareholders later this year —after completing the sale of wind turbines in the US.

NTR annual meetings in recent years have featured rows about the company’s investment strategy and returning cash to its main shareholders — Dreamport, controlled by chairman Tom Roche and his family, investor One51 and Pageant Holdings, controlled by the Furlong family.

NTR’s full-year earnings to the end of March showed net profit rose to €35.73m from €31.37m a year earlier.