Strong growth in the sale of insurance policies helped the AA accelerate its revenues and profits last year. Latest accounts for AA Ireland Ltd show its revenues rose by 4 per cent to €58.5 million in the year to the end of 2017, while its operating profit increased by 15 per cent to €15.1 million. AA Ireland closed the year with shareholders funds of €45.7 million, up from €33.4 million a year earlier – reflecting the boost in profits. It increased its customer base for travel insurance by 50 per cent to more than 45,000, and its staff headcount rose by 11 per cent to 506. Commenting on last year’s results, AA Ireland chief executive Brendan Nevin told The Irish Times that it was another year of “excellent progress”.

Source: The Irish Times August 25, 2018 03:22 UTC