Western Union profits increase 27%

Pre-tax profits at the main Irish arm of money transfer giant, Western Union last year increased by 27% to $63.3m (€52.2m).

Accounts just filed to the Companies Registration Office show Western Union International Ltd recorded the increase in pre-tax profits in spite of revenues decreasing by 10% from $2.5bn to $2.2bn in the 12 months to the end of Dec 2011.

Earlier this year, Western Union announced the creation of 35 jobs on top of the 100 people they currently employ at their European headquarters at Clonskeagh in Dublin.