Bord na Móna cut losses in half according to annual report

business
Bord Na Móna Cut Losses In Half According To Annual Report Bord Na Móna Cut Losses In Half According To Annual Report
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Bord na Móna cut losses by half in a 12-month period according to figures from the state company's annual report.

Bord na Móna chief executive Tom Donnellan confirmed to The Irish Times that the company reported a €22.5 million deficit during their financial year ending March 25th.

This marks a €31.5 million improvement on losses reported in March 2019.

The company has been shifting its focus from the peat production towards energy and waste-recycling.

Costs relating to this move away from peat accounted for €66 million of the company's expenses.

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