Profits at eBay rise to €2.85m

PRE-TAX profits at an Irish unit of online auction giant, eBay increased almost five-fold to €2.85 million last year, new figures show.

According to accounts filed with the Companies Office, they show that eBay Europe Services Ltd recorded the increase in pre-tax profits after revenues increased by 36% from €25.5m to €34.7m in the 12 months to the end of December 2010.

The numbers employed by the company increased from 387 to 502 last year and its principal activity is providing customer-support services, corporate administration services and other services on behalf of the eBay group.