NTR Rich and Ambitious.

mike65

Look out National Toll Roads are coining it

NTR, the company which operates the East and West link toll bridges, has reported profits of €18.2m for last year, a rise of 8%. The results came in ahead of analysts' predictions.

NTR is also involved in waste management, wind energy and broadband.

The company's operations enjoyed an increase in sales of almost 30% to €273m. Group operating profits increased by 19.5% to €27.8m while group capital investment amounted to €202m last year from €98m in 2003.

NTR has increased the tolls it charges by 38% since the beginning of last year to €1.80 on the West Link. It said there had been a 27% in the use of Eazy Pass tags, where customers electronically pay for tolls.

NTR says its contribution to the state from the tolls rose by €10m to €33m last year...

...'2004 was another year of substantial progress across the group, with material milestones achieved in all of our businesses,' commented Jim Barry, NTR's Chief Executive.

'It provides NTR with a solid platform for continued investment and growth,' he added.

Though not mentiond they have thier eye on 3 new tolling oppotunities, which roads would they be?

Mike.

Victor

Fermoy, Enfield, Dundalk?

ishmael whale

Only noticed this thread. According to this, http://www.ntr.ie/doc.asp?key=93, NTR’s after tax profit is 17.2 million. On the basis of a crude calculation of 35 cent profit per vehicle, 90,000 vehicles a day, 365 days a year, gives a figure of about 11.5 million of profit in respect of Westlink.

Westlink accounts for two thirds of NTR’s aftertax profits. Which makes the stuff in their release about waste management and wind energy seem like a load of wind management and wasted energy.