Ireland's major electricity company ESB has celebrated a great start to 2019 with an increasing profit so far this year.

In the first six months of 2019 the firm has reported an operating profit of €294 million, profit after interest and tax of €132 million and capital investment of €396 million in long term electricity infrastructure.

This represents a €50 million increase in operating profit compared to the same period in 2018.

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Commenting on the results Pat Fenlon, ESB's Chief Financial Officer (CFO), said: "I am pleased to report improved financial results in the 6-month period to 30 June 2019, during which ESB successfully issued Ireland's first corporate public Green Bond. ESB delivered an operating profit of €294 million and capital investment of €396 million during the period. Through our Brighter Future 2030 Strategy, consistent with the Irish Government's recently published Climate Action Plan, ESB continues to invest in energy infrastructure to help deliver a low carbon energy future. Delivering long term value for the benefit of our customers, shareholders and the wider economy continues to be a key focus for ESB."

ESB, which operates in Ireland and Great Britain, delivers reliable and safe electricity networks to 3.1 million customers.

(CM/JG)