30/07/2015
Ulster Bank Records Operating Profit Of £131m
Ulster Bank has recorded an operating profit of £131 million for the first half of this year.
The bank reported a £55 million profit in the same period last year.
The firm also said that new lending to business increased by 57%.
Chief Executive Jim Brown said: "While today's results were impacted by a weakened euro, we see an increased profit, reduced operating expenses and a continued trend of impairment releases driven by proactive debt management and the improving economic conditions."
(CD)
The bank reported a £55 million profit in the same period last year.
The firm also said that new lending to business increased by 57%.
Chief Executive Jim Brown said: "While today's results were impacted by a weakened euro, we see an increased profit, reduced operating expenses and a continued trend of impairment releases driven by proactive debt management and the improving economic conditions."
(CD)
Related Northern Ireland News Stories
Click here for the latest headlines.
06 August 2010
Bad Debt Fears Stymie Ulster Bank
The Ulster Bank has reported a massive jump in operating losses for the first half of this year. Although its operating profit increased to £185m, that was wiped out by money set aside to cover bad loans meaning they had losses of £314m on an Ireland-wide basis.
Bad Debt Fears Stymie Ulster Bank
The Ulster Bank has reported a massive jump in operating losses for the first half of this year. Although its operating profit increased to £185m, that was wiped out by money set aside to cover bad loans meaning they had losses of £314m on an Ireland-wide basis.
13 November 2001
Viridian Group report slight fall in operating profit
The interim report from Viridian Group has shown a slight fall in the Group’s operating profit. Reporting on business activity during the six months to September 30, 2001, the Viridian Group have announced a 4 per cent fall in operating profits to £48.5million. During the six-month period, the Viridian Group invested £121.
Viridian Group report slight fall in operating profit
The interim report from Viridian Group has shown a slight fall in the Group’s operating profit. Reporting on business activity during the six months to September 30, 2001, the Viridian Group have announced a 4 per cent fall in operating profits to £48.5million. During the six-month period, the Viridian Group invested £121.
15 March 2004
UTV performance outshines ITV peers
Ulster Television plc, the ITV franchise holder in Northern Ireland, has announced its preliminary results for the year to 31 December 2003. While group operating profit before goodwill amortisation increased to £15.1m (2002: £14.6m), television operating profit was down by £0.5m to £11.8m (2002: £12.
UTV performance outshines ITV peers
Ulster Television plc, the ITV franchise holder in Northern Ireland, has announced its preliminary results for the year to 31 December 2003. While group operating profit before goodwill amortisation increased to £15.1m (2002: £14.6m), television operating profit was down by £0.5m to £11.8m (2002: £12.
18 November 2003
Viridian Group announce half-year turnover up 12%
Viridian Group plc have announced that turnover has increased from £332m to £371m, up 12% on the corresponding period last year. The Group's operating profit increased 7% to £50.8m, up from £47.6m, and the contribution to operating profit from Viridian Power & Energy increased by £0.5m to £8.7m in the six-months to September 30, 2003.
Viridian Group announce half-year turnover up 12%
Viridian Group plc have announced that turnover has increased from £332m to £371m, up 12% on the corresponding period last year. The Group's operating profit increased 7% to £50.8m, up from £47.6m, and the contribution to operating profit from Viridian Power & Energy increased by £0.5m to £8.7m in the six-months to September 30, 2003.
07 January 2005
Consequences ‘dire and grim’ says Robinson
The consequences for Sinn Féin will be “dire and grim” if Chief Constable Hugh Orde confirms IRA involvement in the £22 million Northern Bank robbery last month, said DUP deputy leader Peter Robinson.
Consequences ‘dire and grim’ says Robinson
The consequences for Sinn Féin will be “dire and grim” if Chief Constable Hugh Orde confirms IRA involvement in the £22 million Northern Bank robbery last month, said DUP deputy leader Peter Robinson.
-
Northern Ireland WeatherToday:It will be cloudy again throughout the day. Mainly dry in the morning, but patchy drizzle in places, becoming more widespread and persistent in the afternoon. Freshening southwesterly winds. Maximum temperature 12 °C.Tonight:Cloudy with a spell of heavy rain pushing south through late evening and the early hours, followed by some clear spells. Minimum temperature 6 °C.