Eir reports slight rise in profits

Eir has reported a slight rise in profitability to €531 million for 2018.

Eir reports slight rise in profits

Eir has reported a slight rise in profitability to €531 million for 2018.

But the company's full-year results saw revenue drop 2% to €1.2 billion.

They have now rolled out fibre broadband to three quarters of Irish homes and businesses with an extra 27,000 being connected in the last year.

Carolan Lennon, CEO of Eir, says there's more investment on the way.

"The acquisition led by NJJ, a telco group with a track record of investment in infrastructure and enhanced customer propositions, is now complete," she said.

"A new senior management team, with an equal gender split, is now in place, with almost all promoted from within Eir.

"Eir’s transformational journey to become a leaner, more agile organisation, focused on capital investment, growth and the provision of the best mobile and broadband services in the country, is well and truly underway."

Digital Desk

More in this section

IE logo
Devices


UNLIMITED ACCESS TO THE IRISH EXAMINER FOR TEAMS AND ORGANISATIONS
FIND OUT MORE

The Business Hub
Newsletter

News and analysis on business, money and jobs from Munster and beyond by our expert team of business writers.

Sign up
Puzzles logo
IE-logo

Puzzles hub


Lunchtime
News Wrap

A lunchtime summary of content highlights on the Irish Examiner website. Delivered at 1pm each day.

Sign up
Cookie Policy Privacy Policy FAQ Help Contact Us Terms and Conditions

© Irish Examiner Ltd