Profit & Loss inside the world of Irish business

CityPost, the private postal delivery service founded by Ian Glass, saw its profits drop from €1.13 million to a loss of €285,813 in 2017.

The company had a wage bill of €634,531, up from €423,810, and nine employees.

Last year, CityPost announced it was planning a fresh assault on the Irish postal service, with a €3.5 million investment in new state-of-the-art postal sorting equipment to be installed in its new headquarters in Greenogue ...