Quinn losses reached €888m in 2009

Sean Quinn

According to reports in the Irish media, turnover at the Quinn Group in 2009 fell to €1.6bn from €2.2bn in 2008 when it also posted an operating profit of €239m.

The Irish Independent quoted Paul O'Brien, Quinn Group chief executive, declaring the losses to be hugely disappointing but predicting "robust" earnings for 2010.

He said: "Following the appointment of administrators to the Quinn Insurance (QIL) business in March 2010, the insurance business is no longer part of our continuing

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