Tuesday June 2, 2020

Minister ‘unhappy’ over Coillte dividends, despite €33m profit

Agriculture minister Simon Coveney is ‘‘unhappy’’ that Coillte is not paying dividends to the state, despite making profits of more than €33 million last year.

7th May, 2011

Agriculture minister Simon Coveney is ‘‘unhappy’’ that Coillte is not paying dividends to the state, despite making profits of more than €33 million last year.

The state-owned forestry company generated profits of more than €142 million from fixed asset sales over the past eight years. But over the same time, it paid a dividend just once, in 2008, when it paid out €2.6 million from the previous year’s earnings.

Coveney...

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