Solid first half puts Eir on track to meet annual targets

Eir has said the moderate growth seen in the first half of its current financial year is keeping it on track to meet its annual earnings targets.

The diversified communications and media company yesterday reported a 2% year-on-year rise in underlying revenue, to €666m, for the six months to the end of December. In that first half, pre-tax earnings were also up 2% at €243m, while operating costs reduced by €8m year on year.

The three months to the end of December — Eir’s second quarter — showed a 4% rise in earnings to €121m and a 2% underlying revenue increase to €336m. This was Eir’s seventh consecutive quarter of earnings growth.