Irish eBay subsidiary files €9.7m loss

AN Irish-based subsidiary of US online giant eBay sustained a pre-tax loss of more than €9 million last year, despite increasing its turnover to €50m.

Accounts filed with the Companies Office show that Shopping Epinions International incurred a loss of €9.7m after incurring a pre-tax loss of €17m in 2007. The accounts show that the company increased its turnover by 5% from €48.1m to €50.9m to the end of December last year.

However, the directors’ report accompanying the accounts confirms that the firm’s 12 technology support team positions have been transferred out of its Irish operation.