Viridian profits up Ireland-wide

Northern Ireland-based power company Viridian Power & Energy has reported an increase in profits on both sides of the border.

In the North, turnover increased from £64.7m (€96m) to £78.1m (€116m). The company put this down to increased volumes in the eligible market, an increase in prices due to higher use of system charges and support levies and increased sales from renewable sources. Profits increased from £1.6m (€2.4m) to £3.9m (€5.8m).