Daft Media back in black with €2.66m pre-tax profits

Daft Media returned to profit last year according to newly-filed accounts. Daft Media is the company behind the Daft.ie online property site.

The company generated pre-tax profits of €2.66m last year, having posted a pre-tax loss of €2.49m in 2015, which was attributable to it writing off €5.5m owed to it by a connected business.

The growth in the property market resulted in the group’s revenues jumping 8% to €8.16m.