Bord na Móna has reported a 114% increase in operating profits to a record €50.3m in its annual report for 2014.
The key driver behind the expansion in profits was a very successful peat harvest last summer, it said, which yielded 6.6 million tonnes of peat, almost five times more than in 2012.
“These excellent figures are a product of the company’s commitment to sustainable business operations, related diversification and the flexibility of our employees that allowed us to increase profits whilst operating in a challenging business environment,” said Gabriel D’Arcy, CEO, Bord na Móna at the launch of the annual report.
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