Providence back in the black

Exploration company Providence has announced in its preliminary results for 2004 that profit after tax was €165,000, up from a net loss of €580,000 in 2003.

The company also announced today that Tony O’Reilly Jnr, a director since Providence first floated in 1997, has been appointed deputy chairman. The O'Reilly family is the largest shareholding group in Providence.