Zimmer makes €34m pre-tax profit

US MEDICAL device manufacturer Zimmer recorded pre-tax profits of $46.1 million (€34.4m) in its first full year of operations in Ireland, new figures show.

Zimmer Orthopedics Manufacturing began operations in 2009 in the Shannon Free Zone, committing to provide 250 jobs in five years.

Start-up costs of $8.7m resulted in the company recording a pre-tax loss of $7.7m in its first year (last year, it incurred further start-up costs of $6.9m) on revenues of $5.9m, though it only began manufacturing in September 2009.