Stock Take

Lorcan Allen: Ireland’s 10 largest corporates report record €8.7bn in combined profits

An analysis of the half-year performance of the ten largest companies on the exchange shows that Irish blue-chip corporates have had a stellar first half of 2023

Peter Jackson, chief executive of Flutter. Despite inflation and a subdued global economic outlook, Irish multinationals have been able to maintain, and even expand, profit margins. Picture: Fergal Phillips

At the end of July, the Iseq index of all companies traded on the Dublin stock exchange rose to its highest level since the very peak of the Celtic Tiger era in 2007 as the largest Irish corporates prepared to report interim results for the first half of the year.

The market, which is always forward looking, knew the results were going to be strong despite the many headwinds facing the global economy. An analysis ...