BearingPoint profits up fourfold

Pre-tax profits at a big winner of government contracts, BearingPoint, increased by almost fourfold to €846,002 in 2012.

Figures lodged with the Companies Office show that the Irish arm of BearingPoint — which has secured millions of euro in contracts from the Department of Social Protection — recorded revenues of €23.8m in the 12 months to the end of December 31, 2012.

This followed revenues of €20m at the Irish arm of the management consultancy firm in the prior 15-month period.