IRadio returns to profit after heavy losses in 2020

• Published date: 23 November 2022
• Publication title: Irish Times (Dublin, Ireland)

The group, which has operated a youth radio service across 15 counties in the Republic since 2006, made a profit of just over €1 million in the year ended December 31st, which was up from a loss of €3.2 million the year before

The group's shareholders' deficit amounted to €8.4 million, down from €9.4 million the year before. It said this was reflective of €11.2 million owed to its parent company, Wilton Radio. The company said the amount was subordinated in favour of all other debt and that it was anticipated it will only be repayed as cash flow permits.

"The directors consider that it is appropriate for...