Jobs.ie profit rises to €2.54m

Profits at the firm that operates jobs.ie last year rose 19% to €2.54m. The Dublin-based jobs portal is a subsidiary of Saongroup. New accounts show the business paid a dividend of €10m to its parent on August 31 last.

The accounts, just filed with the Companies Office, also show that last year’s profit followed a surplus of €2.1m in 2013 and €1.76m in 2012.

The €10m dividend payout last year reduced the firm’s accumulated profits from €12.69m to €5.23m. Jobs.ie counts blue chip businesses Apple, Dell, Lufthansa, SAP, Brown Thomas, Friends First, the Merrion Hotel, and Irish Life among its client base and the firm’s success has dealt a major blow to revenues generated by the newspaper industry in recruitment advertising.