Thursday April 9, 2020

Profit and loss: weekly business round-up

Who's up and who's down, with Barry J Whyte

Barry J Whyte

Chief Feature Writer

@whytebarry
17th February, 2017
2
Highs and lows Pic: Getty

Cavendish Capital, the parent company of Irish hedge fund Abbey Capital, saw its profits drop by around €55 million last year.

The company had profits of €7.9 million at the end of June 2016, the accounts note, down from €62.6 million in 2015.

The company saw its revenues drop from €83.1 million to €29.4 million, and its operating profit fell from €60 million to €7.9 million, the accounts show.

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