Profits down at firm led by former Dubs boss Gilroy
Published 01/08/2015 | 02:30
The energy firm led by Dublin All-Ireland winning football manager Pat Gilroy sustained a 42pc drop in pre-tax profits to €3.28m last year.
New accounts lodged by Veolia Energy Ireland plc show revenues reduced by 7.6pc from €58.45m to €53.98m.
Numbers employed by the firm fell from 357 to 298.
Gilroy won the All-Ireland senior football final with Dublin in 2011 having previously won an All-Ireland as a player in 1995.
Gilroy is the managing director of the firm.
The Dubliner, along with three other directors, received remuneration, including pension payments, which increased by 13pc last year to €655,000.
The firm is part of the French-owned Veolia group and was renamed Veolia Energy Ireland plc from Dalkia Ireland plc last year.
The principal activity of the group is the revision 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 in the year under review.
The report states that the revenue of €54m was 8pc down on 2013 "and cashflows generated from operating activities was €4.4m - an increase of 50pc from 2013 due to improved working capital management".
The largest drop in personnel occurred in operations where employee numbers decreased from 235 to 196. Staff costs declined from €19m to €17.65m.
Veolia had accumulated profits of €28.42m last year.