Profits at medical company’s Irish arm fall by almost half

Pre-tax profits at the main Irish arm of medical technology firm Becton Dickinson last year almost halved to €54m in spite of the company increasing revenues to €1.07bn.

Accounts just filed by the US-owned Benex Ltd to the Companies Office, show pre-tax profits fell by 47% from €103.3m to €54.1m in the 12 months to the end of September last.

This followed the firm increasing revenues by 1% from €1.05bn to €1.07bn. The company paid a dividend of €85m to its parent during the year.