Irish arm of Facebook records almost €300k in pre-tax profits

THE main Irish arm of social networking giant Facebook recorded pre-tax profits of almost €300,000 in its first year of operation in Ireland.

Documents just filed with the Companies Office show that Facebook Ireland Ltd recorded revenues of €15 million in the 15 months to the end of December last year. The company recorded pre-tax profits of €297,688 last year.

Last week, the Dublin-based company — first incorporated in Ireland in October 2008 — announced that it is to increase the number it employs in Dublin by 100 to 300 by next year.