Profit and Loss: Blackrock, Devondale, Bernard Brogan, Fallon & Byrne, Shane Long
Who's up and who's down in Irish businesses this week?
Giant American investment firmBlackRock made a profit of £57.7 million in 2016, up from £45.7 million the year before.
The profit for BlackRock Asset Management Ireland came on foot of turnover of £138 million, only a slight increase on the 2015 turnover of £137.6 million, derived from performance and management fees.
The notes to the accounts also state that the turnover “includes management and performance fees net of investment management and administration services ...
