Oireachtas Joint and Select Committees

Tuesday, 2 October 2012

Joint Oireachtas Committee on Agriculture, Food and the Marine

Foresty Industry: Discussion with Coillte

3:25 pm

Photo of Mary Ann O'BrienMary Ann O'Brien (Independent) | Oireachtas source

With respect, the profit realised in 2011 was €32 million. If one multiplies this by ten, the amount realised is €320 million. If it is multiplied by 20, the amount is €640 million. Given that we are discussing a period of between 50 and 80 years, it is profoundly depressing that we are only seeking to realise €600 million or €700 million. I would much prefer if Mr. Gunning were allowed to proceed as he is in driving the business back to a profitable position.

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