Irish arm of UPS returns to profit

THE Irish arm of international delivery company United Parcel Service (UPS) returned to profit last year in spite of a drop in revenues.

According to accounts recently filed with the Companies Office, UPS Ireland recorded a pre-tax profit of €4.94 million after recording a pre-tax loss of €1.85m in 2009.

The Dublin-based firm went into the red in 2009 following a €2.7m exceptional cost concerning restructuring costs and the redundancy of staff at a company call centre in Tallaght that UPS closed.