Profits climb to €17.9m at Denis O’Brien’s Actavo

The Denis O’Brien-controlled Irish engineering company, Actavo — formerly Siteserv — recorded a 25% increase in pre-tax profit last year, helped by €99.5m in revenue from its Irish operations.

Siteserv dominated the political agenda for months last year. Social Democrat TD, Catherine Murphy, raised concerns over the sale of the company, by the Irish Bank Resolution Corporation (IBRC), to Millington — which is controlled by Mr O’Brien — for €45m in 2012.

The months-long saga led to an inquiry by Justice Brian Cregan.