Cork unit of Alps Electric back to profitability

The Cork-based unit of Japanese manufacturing firm, Alps Electric, returned to profit last year after a jump in revenues.

The firm employs almost 400 at its Millstreet base and new accounts show that Alps Electric (Ireland) Ltd last year recorded a pre-tax profit of €1.28m in the 12 months to the end of March 31, 2014, following a pre-tax loss of €281,975 in fiscal 2013.

The firm returned to profit after revenues increased by 11% from €48.75m to €54.15m.