10 things we learned from Permanent TSB results

Underlying profits jumped to €188m, but shareholders must wait for dividend

8th March, 2017
Permanent TSB says deleveraging now complete. Pic: Rollingnews.ie

Permanent TSB has reported an improvement in its underlying profits last year, though it still ended in the red overall due to losses on the sale of assets and restructuring costs.

The bank, which is almost 75 per cent state-owned, reported a pre-tax profit of €188m before exceptional items in 2016, a big increase on the €26m recorded in 2015. This included €29m from the sale of Visa Europe, in which it had a stake.


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