Mobile firm’s profits slide by 14%

Pre-tax profits at the Irish arm of Vodafone fell 14% last year to €100.2m, figures show. According to accounts just filed with the Companies Office, Vodafone Ireland Ltd recorded the €17m drop in profit after revenues slipped 1.4% from €1.018bn to €1.004bn in the 12 months to the end of March 2014.

The accounts show that the firm led by Cork native, Anne O’Leary paid a dividend of €80m to its parent last year following a dividend payout of €150m in fiscal 2013.

The firm is the market leader in Ireland for mobile phone customers, with 2.1m at the end of March last.