CR Bard pre-tax profits decrease

PRE-tax profits at the Irish subsidiary of US-owned healthcare manufacturer CR Bard decreased in 2009 by 32% to $100.2 million (€75m) even as revenues increased.

Accounts filed with the Companies Registration Office show the Dublin-based Bard Shannon Ltd increased its revenues by 5% from $694.2m to $729.6m to the end of December 2009.

In spite of the increase in revenues, the company’s pre-tax profits dropped by $47.2m from $147.4m to $100.2m in 2009.