Volkswagen dealership predicts pre-tax profits will more than double this year

ONE of the largest motor dealerships in the west of Ireland is anticipating its pre-tax profits will more than double to €310,000 this year.

Accounts just filed by the Co Galway-based Al Hayes Motors show that turnover at the firm to the end ofOctober last year declined by 24% from €41 million to €24.5m.

In the 12-month period, the figures show that the company returned to profit, recording a pre-tax profit of €132,267. This followed the main Volkswagen dealer recording a pre-tax loss of €753,802 in 2008.