NCT firm made €44m profit in 10 years

THE company that operated the Government’s national car test programme generated pre-tax profits of €44 million on revenues of €295m over the past 10 years.

In accounts recently filed with the Companies’ Office, they show that the Swiss-owned Vicuna (formerly National Car Testing Service) secured pre-tax profits of €8.7m in the year to the end of December 2009.

The company won the contract to operate the Government’s national car testing programme in 1999 and a study of its accounts between 1999 and 2009 show that the company generated profits of €44.2m on a turnover of €295.3m.