Farmer Business Developments profits hit €18m

That included a nine-month contribution from the high-profile Kilashee Hotel, close to Naas in Co Kildare, which the company bought in 2022 for €25 million.

FBD Holdings paid a dividend of €8.7 million to the company last year, resuming these payments after suspending them during the pandemic. Farmer Business Developments is proposing to pay shareholders a dividend of 9 per cent a share, a 28 per cent increase on the 7 cent a share paid in 2022.Recently appointed chairman Pat Murphy paid tribute in the annual report to his predecessor, Pádraig Walshe, who died on February 1st.

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