Mary Ann O'Brien (Independent) | Oireachtas source

I join all the other speakers in welcoming Mr. Moloney to the committee. It is so exciting for Coillte to have him on board. As Senator O'Neill pointed out, we can look at where he brought the dairy industry and Glanbia. There is no pressure. We cannot wait to see where he will take Coillte.

I am sure when Mr. Moloney arrived in 2013 and looked at the financial figures, he saw that the see-saw effect from 2009 was astonishing, when it went from a turnover of €206 million to €250 million, and the profit went from €19 million to €44 million, and then recovered slightly. The see-saw effect was quite alarming, but particularly in the area of profitability. In 2010, it turned over €250 million and €262 million in 2012, yet it made €44 million in 2010 but only €28 million in 2012. We are very glad to have Mr. Moloney on board and I would be interested in his comments on that area.