Wednesday 23 January 2019

NTR 'can recover' loss

THE chief of NTR still believes that the firm can turn around one of the biggest losses in Irish corporate history.

The company recorded a massive writedown of its US solar power business. But the utilities group chairman Tom Roche told shareholders that he's "still a believer" in the firm but acknowledged that the €280m loss attributable to NTR shareholders in the last financial year was a "significant disappointment".

Mr Roche and his family own around 40pc of the firm which is behind the Greenstar recycling business in Ireland and the US.

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