Profits slip at medical devices firm
New accounts filed by Cook Ireland Ltd show that revenues at the US-owned firm nearly doubled from €222.5m to €430.7m in the 12 months to the end of December last.
The company’s business at Limerick underwent massive expansion last year with the numbers employed there increasing by 24% or 151 from 624 to 775. Staff costs last year rose from €26.13m to €33.3m.