Profits up at Viridian despite churn

Figures released by the company show pre-tax profits climbed to £68.6 million

28th May, 2017
Viridian power station

Viridian, the Belfast-based energy company, saw its profits rise in the last year on the back of growing customer numbers in the Republic and a substantially reduced interest bill.

Figures released by the company show pre-tax profits climbed to £68.6 million (€78.6 million) in the year to March 31 from £50.4 million. The increase was in part due to lower interest payments, as its debt levels dropped by more than £200 million to £379 million.

Viridian’s...

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