The directors state that the profit for the year is principally related to the 10 per cent increase in turnover and a reduction of €36 million in the tax charge which was inflated considerably in 2020 as a result of booking a Danish tax provision of almost €42 million.
The group has a large customer base of hospitals and clinics in western Europe and also exports to distributors in eastern Europe, the Middle East and Africa as well as supplying products to the North and South American and Asia Pacific markets.
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Minister set to decide on sale of NBI to Spanish investment firmEamon Ryan is expected to sign off on the 80 per cent sale of the company behind the multibillion-euro National Broadband Plan within weeks. This requires a much longer conversation about combined development of broadband with new transport infrastructure and possibly utilities, like district heating. Doing them separately is a huge waste of resources. Will this sale make that easier or harder to coordinate ? Also, is that what you want to do, right before getting population growth which means an increase in subscribers which means more profitability, to this investment firm which may not reinvest in Ireland.
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