Golden Pages firm profits fall by 63%

PRE-TAX profits at the company that produces the Golden Pages directory last year fell by 63% from €20.8 million to €7.6m.

According to documents just filed with the Companies Office, revenues at Truvo Ireland declined by 25% from €73.6m to €54.8m to the end of December last.

The returns show the company’s pre-tax profits were hit last year by restructuring costs totalling €3.2m concerning severance payments. The numbers it employed reduced by 50 to 246 last year.