IL&P report 14% rise in pre-tax profits
08/03/2006 - 07:45:49Irish Life and Permanent has reported a 14% rise in pre-tax profits for the year ending 2005.
The financial services group's pre-tax profits stood at €531m, a 14% increase on the previous year's €464m figure.
They said the successful performance should continue this year.
Its after-tax profit was €475m, while pre-tax operating profit and operating earnings per share climbed 9% each to €420m and 135 cents respectively.
The group said their 16% increase from the group's life assurance activities was a major factor in their growth and was also driven by strong growth in new business profits which were ahead 62% to €94m.
Banking profits rose by 6% to €148m from €139m in 2004.
