Ford Ireland returns to pre-tax profit

The Irish arm of motor giant Henry Ford last year returned to pre-tax profit after revenues increased by 10.5% to €192m.

In accounts filed by the Cork-based Henry Ford & Son Ltd, the company recorded a pre-tax profit of €1.55m in the 12 months to the end of December last after experiencing a pre-tax loss of €956,000 in 2010.

The directors state that the €18.8m increase in revenue, from €173.8m to €192.1m, “reflects an increase in demand for new vehicles during the year relative to market demand in prior year”.