IL&P announce 7% fall in profits

Irish Life & Permanent have announced Group pre-tax operating profits of €300m for the first half of 2008 up to June 30, down 7% on H1 2007 profit of €321m.

Group Chief Executive, Denis Casey, described the performance as robust saying: "It’s a challenging market but we’re performing strongly and are growing market share in the life & pensions business and fund management businesses."