On Air Now

Sportsbeat

2:00pm - 6:00pm

  • 045 901 490
  • 0833-979797

Now Playing

Belinda Carlisle

Heaven Is A Place On Earth

ESB Group Reports Profit Of €847M

File image: Twitter

It's up over €130M from profits in 2021

The ESB Group has reported an operating profit before exceptional items of €847m for the year to the end of December, up from €679m in 2021.

It said the increase was mainly due to the impact of higher wholesale prices in its generation and trading businesses both in Ireland and the UK.

This was offset, to some extent, by losses in the Customer Solutions businesses and lower levels of profitability in ESB Networks and NIE Networks.

ESB said that its generation and supply businesses are required to operate separately so increased profits from its generation division cannot be used to subsidise its Electric Ireland business.

Business journalist Joe Lynam has the details:

More from National News

Stay tuned to Kfm!

Get the Kfm Apps for you phone, tablet or smart speaker...

Kfm Kildare Weather

  • Sat

    Light rain shower

    19°C

  • Sun

    Sunny intervals

    23°C

  • Mon

    Medium-level cloud

    20°C

  • Tue

    Sunny intervals

    22°C

  • Wed

    Sunny intervals

    24°C