Pre-tax profits at Irish arm of Gap double to €1.3m

PRE-TAX profits at the Irish arm of US retail giant, Gap more than doubled last year to €1.3 million, new figures show.

Boosted by the opening of new stores at Cork and Dundrum last year, Gap Stores (Ireland) Ltd recorded the 163% increase in pre-tax profits from €497,286 to €1.3m in the 12 months to the end of January 30 this year.

The increase in pre-tax profits follows revenues jumping by 63% from €5.1m to €8.4m during the period.