Anglo Irish pre-tax profits pass €500m
Anglo Irish Bank today published increased pre-tax profits up 45% to €504.1m for the year to 30 September 2004.
Pre-tax profits in 2003 were €346.5m.
Basic earnings per share rose by 47% to 114.53c (2003: 78.03c) while “like for like” profits (profits before general bad debt provisions) increased by 28%.
Total assets increased by 35% to €34.3bn. Lending to customers increased by 35% to €24.4bn.
A final dividend proposed of 15.04c brings total dividend for the year to 22.56c, an increase of 20% on 2003.
Commenting on the results, Sean FitzPatrick, group chief executive, said: “The Bank’s performance in 2004 has been excellent.
"Each division has enjoyed a positive start to the current year. Lending work in progress is at record levels and we look forward to a strong performance for the year to September 2005."
