Motor dealership profits down after revenues drop 13%

Pre-tax profits at one of the largest motor dealerships in the west of Ireland last year dipped to €372,979 after revenues dropped by 13% to €27.1m.

The Galway-based Al Hayes Motors Ltd is a main dealer for the Volkswagen and Mitsubishi brands.

According to the directors’ report, “despite the current economic climate and the decrease in turnover, the company has maintained profitability in line with expectations and we are confident of maintaining those levels for 2012”.