Annual results at the semi-state company released this morning; show that figure is 132 million less than 2013 profits.
In a statement, ESB chief executive Pat O'Doherty said the results reflect a solid performance “in the face of some challenges in 2014”.
Business editor Vincent Wall says ESB has given a number of reasons for the fall in profits last year.
“The drop in primary energy prices – gas – which actually impacts on their margins in the wholesale market, so they're a wholesaler on to other energy suppliers in the Irish market” he said.
“They also point to…exceptional storm damage costs – now this was in the first half of last year when we all remember Storm Darwin battered the island”.
“And they also said that there was another 15 million costs due to essential maintenance and repair work at the giant coalfired station in Money Point” he added.
