Pre-tax profits at country’s largest taxi company plunge

PRE-TAX profits at the country’s largest taxi company, National Radio Cabs, last year plunged by 81% from €426,736 to €78,131.

Accounts just filed by National Radio Cabs plc with the Companies Registration Office show that the company sustained the severe decrease in pre-tax profits after the company’s revenues dropped by 25% from €15m in 2009 to €11.2m to the end of February 2010.

The figures show that in spite of the drop in turnover, the company’s administrative costs decreased only marginally from €2.36m to €2.33m.