Icon Q4 revenues jump to €71.7m

SHARES in Icon jumped 6% yesterday after the Dublin-based clinical research company reported strong fourth-quarter figures.

The company, which employs 2,700 people in 23 countries, reported revenues of $86 million (€71.7m) in the three months to May, which was 10% higher than the same period last year.

But pre-tax profits for the quarter slumped from $9.6m to $7.3m on the back of higher selling and administrative costs, coupled with heftier depreciation charges.