Ireland narrowed its pretax loss to €4.8 million for the year to the end of March 2024, as turnover increased 2.8 per cent to reach €1 billion, new accounts for the company show.
The company said this ongoing strategic investment in infrastructure would be key to its long-term financial success and would generate significant earnings in future years, but also said it would “continue to remain cautious” as it was not immune to trends in the wider market.Ireland has won the corporation tax game for now, but will that last?
The company, which has more than 2.5 million customers, announced in August 2023 that it planned to invest a further €3 million in store upgrades as part of a strategy to refit all of its retail outlets by 2025. Since the end of the accounting period, Vodafone Ireland has signed a corporate purchasing power agreement with energy supplier Flogas Enterprises, to buy 19.5GWh of renewable electricity per annum directly from the Derrynadivva wind farm in Mayo.