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NTR 'can recover' loss

THE chief of NTR still believes that the firm can turn around one of the biggest losses in Irish corporate history.

The company recorded a massive writedown of its US solar power business. But the utilities group chairman Tom Roche told shareholders that he's "still a believer" in the firm but acknowledged that the €280m loss attributable to NTR shareholders in the last financial year was a "significant disappointment".

Mr Roche and his family own around 40pc of the firm which is behind the Greenstar recycling business in Ireland and the US.