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Mannok named one of Ireland s Best Managed Companies 2021
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The Central Bank has disclosed almost â¬10 million of costs relating to running of public inquiries into individuals involved in the management of the failed Irish Nationwide Building Society (INBS) and Quinn Insurance Limited (QIL).
However, the information, contained in the Central Bankâs latest annual report, published on Wednesday, only gives a partial picture of total cost to date of the long-running INBS inquiry, as the key legal fees and inquiry membersâ fees attached to this case will only be revealed once it has come to a conclusion.
The annual report said that operational costs of running both inquiries between 2016 and 2020 amounted to â¬7.82 million, with â¬4.17 million of this comprised of âprofessional feesâ, covering technology and audio-visual services. Rent and utilities amounted to a further â¬1.5 million.
Central Bank said Quinn Insurance inquiry cost it €1 9m
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THE island of Ireland s very first Kestrel Cam has been installed in one of Mannok’s Quarries, and will be live-streamed online in coming months. The footage can be viewed on Mannok’s website, and will give viewers an exclusive look inside an Irish Kestrel nest throughout the breeding season. The livestream was been launched on World Earth Day, Thursday, April 22 to highlight the need to protect our local wildlife and wider ecosystems, particularly with the common Kestrel having recently been placed on the Red List as a species now at risk of extinction in Ireland. Two discreet cameras have been installed in the nesting location under license from NPWS, and in partnership with Netwatch, to enable Queen’s University to study the birds and to raise awareness of the need to protect the species and other wildlife across the island.
Mannok sees its profits rise despite Covid challenges Posted: 6:32 pm April 16, 2021
By Roisin Henderson
DESPITE the challenges of the past year, local manufacturing giant Mannok has once again reported an increase in its profits.
The company formerly known as Quinn Industrial Holdings last week published an overview of its 2020 performance for the 12 months ending on December 31, which showed it had increased its EBITDA by 17 percent on the previous year, rising to €31.1m. EBITDA – which stands for earnings before interest, taxes, depreciation, and amortisation – measures a company’s profitability.
During the past year, the company also launched its re-brand to Mannok, which it said had been the culmination of six year investment that saw its sales increase by 44 percent and employment increase by 25 percent.
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