Losses ease at Three Ireland despite ongoing price pressures

The mobile provider posted a pre-tax loss of almost €17m, down from a loss of more than €20m in 2021

Inflationary pressures including rising energy prices saw selling and administration costs grow by €9m to €391.5m in the year, offsetting a rise in turnover which grew by 7% to €620m in the year. 

Ongoing challenges including energy costs and inflation at Three Ireland offset growth in turnover for the year, with the mobile provider posting a pretax loss of just under €17m. 

Following a restructuring of the company's funding last year, €550m of intercompany debt was removed, with pretax losses for 2022 down from a loss of €20.3m a year earlier.