Profits take off at Dublin Aerospace

Revenues increased almost threefold to €22.89 million at Dublin Aerospace last year as the aircraft overhaul firm recorded a profit in only its second full year of operation.

According to figures returned to the Companies Office, Dublin Aerospace recorded a pre-tax profit of €1m in the 12 months to the end of September 30 last after the firm recorded a loss of €2.1m in the prior 17 months to the end of September 2010.

The returns show the firm increased revenues last year by 185% from €8m to €22.89m.