ESB Group swings from profit to loss due to Covid-19 impact

Electricity demand in Ireland fell by about 15 per cent at the height of the lockdown 

The ESB Group delivered an operating profit before exceptional items of €249 million.

Covid-19 restrictions resulted in a 15% drop in operating profits for the ESB Group with the company recording a €66 million loss after interest and tax.

Publishing its Interim Financial Statements for the six months to the end of June, the company said it delivered resilient financial results including an operating profit before exceptional items of €249 million.