Michael Healy Rae’s company sees a surge in profits, reaching €692,609 | BreakingNews.ie

Michael Healy Rae, the TD for Kerry, seems to have found success as a businessman as well as a politician. According to recently released accounts, profits at his business, Healy Rae Plant Hire Ltd, increased to €692,609 in 2019. This is a marked increase from the previous year, and reveals a healthy financial position for the company. With his strong showing in both fields, Healy Rae is proving to be a force to be reckoned with in the world of politics and business alike.


Last year, Roughty Plant Hire Ltd, owned by Michael Healy Rae, a well-known independent TD from Co Kerry, saw its accumulated profits increase to €692,609, according to the latest accounts filed. This is a €90,333 increase from the previous year’s €602,276. The company received €101,602 in government grants during the period in question and had cash funds of €226,158. The number of employees increased from six to nine, and the directors’ total pay almost doubled to €87,582. Michael Healy Rae owns additional rental properties and farmland forestry, and sits on the board of three other businesses.


Overall, it is clear that Michael Healy Rae’s firm is experiencing significant success, with profits reaching an impressive €692,609. While some have criticized the politician for his involvement in the business world, his continued success in this arena cannot be denied. As the political landscape in Ireland continues to evolve, it will be interesting to see how these business interests impact Healy Rae’s career in the years to come. Regardless of what the future holds, it is clear that he is a force to be reckoned with when it comes to entrepreneurship and business acumen.