Pre-tax profits at Paypal up 43%

Paypal’s recent massive expansion in Ireland is beginning to pay dividends with pre-tax profits at its main Irish firm last year increasing by 43% to €11.2m.

The online payment firm announced 1,000 new jobs at its Irish operations in 2012 and new figures show that revenues at Paypal Europe Services Ltd increased by 28% from €102.27m to €130.58m in the 12 months to the end of December last.

The company has its European HQ in Blanchardstown, Dublin, where it hosts PayPal’s European customer services and financial services functions for the European market.