Bon Secours profits jump to €10.12m on falling costs and increased revenues

Revenue increases were driven by a significant increase in both inpatient and outpatient activity

The accounts show that the cash generated from operating activities in 2023 was €34.16m compared to €23.7m in 2022. Picture Dan Linehan

Falling energy costs contributed to pre-tax profits at the Bon Secours Health Group last year increasing by 57% to €10.12m.

New consolidated accounts for the Cork headquartered Bon Secours Health System (BSHS) Company show that the healthcare group's profits rose as revenues increased by €44.16m or 11% from €390.9m to €435m in the 12 months to the end of December.