Profits down at Irish unit of pharma giant Servier

Pre-tax profits at the main Irish unit of French pharma giant Servier last year decreased by 23% to €23.4m in spite of a sharp increase in revenues.

Accounts filed by Servier (Ireland) Industries Ltd, show the Co Wicklow-based group sustained the drop in profits as revenues climbed by 29% from €342.6m to €443.4m in the 12 months to the end of September last.

Employment at the group’s Arklow plant – subject of a €47m investment two years ago — increased from 375 to 392.