Pre-tax profits at Tara Mines firm fall

Higher operating costs resulted in pre-tax profits at the firm that operates Tara Mines last year decreasing by 10% to €28m, new figures show.

The mine is Europe’s largest and the world’s fifth largest zinc mine and employs 714 people.

Filings just lodged with the Companies Office show revenues at the Swedish-owned Tara Mines Holdings Ltd and subsidiaries increased by 1% from €187.9m to €190m in the 12 months to the end of December last.