Profit and Loss: CityPost, Chill Insurance, Power City and Mycro

Who's up and who's down in the business world

Ian Glass, managing director of CityPost Picture: Fergal Phillips

Independent postal delivery companyCity Post

saw its profits drop from 1.8 million to 1.1 million in the year ending march 2016

The company, which is owned and run by Ian Glass, is is planning a fresh assault on the Irish postal service that could see it hire up to 400 new staff

“We’re going to make the post hip,” Glass told The Sunday Business Post last year.

City Post is investing €3.5 million, ...