E-commerce company almost doubles profit

PRE-TAX profits at a Shannon-based e-commerce firm last year almost doubled to €935,366 despite revenues decreasing.

Returns just made to the Companies’ Office by Digital River Ireland show that pre-tax profits increased by 47% from €492,586 to €935,366.

The accounts show that the US-owned firm recorded the increase in spite of revenues decreasing by 6.5% from €64.7 million to €60.5m in the 12 months to the end of December last.