Farmer Business Developments plc reports after-tax profit of €17.9m

The group profit before tax is at a "healthy" €20.42m for 2022, a 9% return on 2021 shareholders' fund.
Farmer Business Developments plc reports after-tax profit of €17.9m

Farmer Business Developments plc owns 24% of FBD Holdings plc (FBD Insurance) and 100% of FBD Hotels & Resorts, as well as a number of smaller investments. Pic: Collins Photos

Farmer Business Developments plc has announced its financial results for 2022 with a profit after tax of €17.93m, up from €9.89m in 2021. 

The investment holding company, which has over 4,000 mostly farmer shareholders, said it benefited "particularly from the post-covid resumption of dividend payments by FBD Holdings plc and performance by FBD Hotels and Resorts".

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