Distilled Ltd, Owner of Ireland's Daft.ie, Increases Profits by 86% in Full Year Results

Ditilled Ltd, the parent company of Daft, Ireland's number one portal, has filed new accounts showing a pre-tax profit increase of 86% in 2021.

Highlights include:

• Pre-tax profits of €8.42m (€4.52m in 2020) — 86% YOY increase.
• Revenue of  €33.76m (€28.12m in 2020) — up 20% YOY.
• Daft.ie residential property listings up 19% YTD.

The portal operator released figures in November that showed average rents in Ireland jumped up by a record 14.1% between July-September 2022. Average listed monthly rents hit €1,688 during the period, a 4.3% increase on Q2 2022.

Daft.ie, which was established in 1997, is Ireland's dominant portal, and the company invests upwards of €6m a year into Daft's technology, research and development.

Distilled Ltd was set up in 2015 when Daft.ie and sister generalist site Adverts.ie were merged with Norway-based Schibsted Media's Donedeal.ie.