Light at end of the tunnel for One51

After years of uncertainty and huge investment losses, One51 is showing signs that it might now be back on the right track. Barry J Whyte reports.

Barry J Whyte

Chief Feature Writer @whytebarry
1st June, 2014
Denis Cregan, chairman and Alan Walsh, chief executive of One51, at the company's agm last week. Picture: Jason Clarke

It’s been a long road for One51. The company has had an especially difficult financial crisis that saw huge management upheaval and the value of its investments written down by hundreds of millions of euro. But in its recent annual report, it reported its first profit since 2006.

From a loss of €116 million for the previous year, it reported an after tax profit of €7.1 million for 2013, the culmination of a rigorous...

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