Wednesday 23 August 2017

Gilroy sees Veolia group return to profit

Pat Gilroy who built up French-owned Veolia Energy
Pat Gilroy who built up French-owned Veolia Energy

Gordon Deegan

The Veolia group of companies, built up under the direction of former Dublin All-Ireland winning boss Pat Gilroy returned to profit last year.

New accounts show that Veolia Energy Ireland recorded a pre-tax profit of €1m after recording a pre-tax loss of €528,000 in 2015.

The group returned to profit in spite of revenues dipping by 4.7pc from €52.72m to €50.1m in the 12 months to the end of December last.

The French-owned Veolia business here has grown under the leadership of Mr Gilroy, who managed Dublin's All-Ireland winning senior football final in 2011 having previously won an All-Ireland as a player in 1995.

The Veolia Energy Ireland accounts show that Mr Gilroy resigned as director of the firm in April of last year and as director of a subsidiary, Veolia Water, in July of last year.

The principal activity of the group is the provision of managed energy, utility services, operation or combined heat and power plants, lighting installation and maintenance of public areas.

The directors state that they are pleased with the performance of the group.

Numbers employed increased by 19, going from 310 to 329, with staff costs increasing from €18.2m to €19.3m.

Directors' emoluments increased from €690,000 to €907,000.

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