Investment group NTR said its losses for the year to the end of March fell to €16.2m from losses of €88.8m the same time last year.
Group revenue from continuing operations for the year increased to €35.3m from €24.9m in 2012.
The company said it managed to deliver the key planks of its three year strategic plan ahead of schedule by building cash reserves.
It said it also consolidated into a slimmer renewable investment and asset management group, with a special focus on wind energy.
NTR said it expects to invest in wind projects at later stages in the development cycle and add wind projects in EU markets to its current assets in the US.
It also said today that it is proposing a return of capital of up to €100m to its shareholders, by way of a redemption of shares. The proposal will be put to shareholders at an EGM after the company's AGM in September
''We are very pleased to report the successful execution of our plan ahead of schedule, which enables NTR to both aim to return capital to shareholders and to re-enter the UK and Irish wind markets with confidence. There is excellent value to be created by careful selection of quality projects in these markets,'' commented Rosheen McGuckian, the company's chief executive.
