Southern Advertising profits slide 35%

PROFITS before tax fell by 35% last year at Southern Advertising, the advertising agency with offices in Cork and Limerick.

Figures lodged this month with the Companies Office for 2005 show that pre-tax profits fell from €360,676 to €235,141 for the year while at the gross profit level the change was only marginal.

The tell-tale figure looks to be the increase in staff costs, which went up from €1,254,643 to €1,381,234 during the year.