One51 reports €110 million loss
One51, the Dublin-based investment group, has reported an increase in turnover but a fall in profits after taking an exceptional charge of €121 million.
One51, the Dublin-based investment group, has reported an increase in turnover and a fall in profits for its 2011 fiscal year.
The company recorded turnover of €422 million, up 12 per cent on its revenue for 2010.
However, the company’s pre-tax profit fell 55 per cent to €10.9 million. And it took an exceptional charge of €121 million, leaving an overall loss of €110 million for 2011.
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