Abbott’s pre-tax profits up by 67% to €13.6m

PHARMACEUTICAL giant, Abbott Laboratories Ireland increased its pre-tax profits by 67% to €13.6 million last year.

Turnover at the firm, which sells and distributes hospital and pharmaceutical products in Ireland, increased from €77.4m to €93.6m in the year to the end of November 2008.

The company said risks facing it include a cut in government healthcare spending which could be impacted by the poor economy.