Mr. Diarmuid Collins:

I would not agree that it was not profitable. Our assessment, and this was confirmed by our own external advisers, was that it had revenue growth, and the settlement of its pension liabilities with the pension trustees in 2012 put it on a path to sustainability. Since then, its revenue and profits have been growing. It was profitable in 2013 and 2014. We are expecting to see a profit for 2016 and again this year.