Japanese quake hits profits at Irish firm

The impact of the Japanese earthquake will hit profits this year at Co Cork-based manufacturer, Alps Electronics.

The Japanese-owned firm employs just under 500 people in the Millstreet-based plant, and managing director Brendan O’Shaughnessy said yesterday that the earthquake has affected the company’s bottom line this year.

Accounts just filed by Alps Electric (Ireland) Ltd show the firm’s revenues increased by 10% from €58 million to €64m in the 12 months to the end of March last year.