Profits increase at Boston Scientific

Pre-tax profits at the Irish business of Boston Scientific and a number of overseas subsidiaries last year increased more than fourfold to $423.6m (€341.68m).

The leading US medical device manufacturer is one of the largest companies in Ireland, employing almost 5,000 people at sites in Galway, Cork, and Clonmel.

According to accounts for BSC International Holding Ltd and subsidiaries, just filed with the Companies Office, the group recorded the 364% increase in pre-tax profits after revenues increased by 7%, from $4.9bn to $5.27bn, in the 12 months to the end of December 2013.