Profits slip at medical devices firm

Pre-tax profits at the main Irish arm of medical device manufacturer, Cook last year dipped marginally to €17.8m in spite of revenues soaring.

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.

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