Business Irish

Wednesday 29 March 2017

Revamp hits Blackrock Clinic profit

Gordon Deegan

A €100M expansion and general medical inflation last year contributed to the Blackrock Clinic's pre-tax profits decreasing by 11pc to €12.3m.

Documents filed by the Blackrock Hospital Ltd and subsidiaries to the Companies Office confirm revenues at the company dropped by 4pc from €87.8m to €84.3m to the end of December last.

The hospital in south Co Dublin is currently undergoing a major expansion that involves the construction of three additional floors, the provision of a state-of-the-art intensive care unit and the refurbishment of the existing hospital.

According to the directors' report, a large part of the decrease in pre-tax profits relates to a €900,000 increase last year in depreciation charges.

Irish Independent

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