Bord na Móna reports 'outstanding' €78.9m profit

The semi-State company recorded one of its strongest financial performances in history as it continues to shift focus toward renewable energy

Bord na Móna invested more than €250m in renewable energy infrastructure in the past financial year.

Bord na Móna reported one of its strongest financial performances in history this week, recording an operating profit of €78.9m.

The figure is nearly three times the amount that the semi-State reported last year (€27.7m), with total revenues rising by nearly 17% to a record €378.2m.