IL&P report profits fall, cost cuts pending

Irish Life & Permanent (IL&P) has reported pre-tax profits of €261.8m for last year, nearly €30m lower than in 2002.

IL&P report profits fall, cost cuts pending
Wed, 03 Mar, 2004 - 09:13

Irish Life & Permanent (IL&P) has reported pre-tax profits of €261.8m for last year, nearly €30m lower than in 2002.

The fall was mainly due to a €50m loss on the sale of its last remaining US business Guarantee Reserve Life.

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CourtsBusinessHeathrowPlace: USPlace: RepublicPlace: BritainPerson: David WentPerson: WentOrganisation: IL&POrganisation: Irish Life & PermanentOrganisation: Guarantee Reserve LifeOrganisation: tsb bankOrganisation: SSIAOrganisation: Guarantee Reserve Life Insurance CompanyOrganisation: RTÉ Radio
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