Forestry company Coillte reports record revenues but profit slump in 2022 

Coillte saw profits drop from €135m to €119m last year. Picture: Denis Minihane

State forestry management company Coillte has reported a new record high for revenues in 2022 on the back of strong demand in the construction sector. 

However, the company’s operating profit declined to €119m — from €135m in 2021 — as it dealt with increasing operating costs. A dividend of €27.7m was paid to the State which is the maximum payable under the dividend policy.