Profit at Mentor Graphics up 400%

PRE-TAX profits at a Shannon-based holding company for US-owned Mentor Graphics saw an almost fourfold increase to $81.3 million (€6.34m) last year.

According to accounts lodged by Mentor Graphics (Holdings) Ltd and subsidi-aries with the Companies Office, the holding company and subsidiaries’ turnover decreased by 13%, from $393.2m to $347.8m, in the 12 months to the end of January last year.

The company’s pre-tax profits increased from $20.9m to $81.3m.