Pre-tax profits at Alcon drop 16.5%

Production is ramping up at the Cork-based Alcon Laboratories as the firm reports a decline of 16.5% last year in pre-tax profits to €2.3m.

According to accounts filed with the Companies Registration Office, revenues at Alcon Laboratories Ltd increased by 7% from €28.4m to €30.4m in the 12 months to the end of Dec 2011.

The principal activity of the firm is the manufacture of intraocular lens (IOLs). IOLs are used to replace the natural lens that is removed during cataract surgery.