J1 visa company Usit sees pre-tax profits dip 65%

Pre-tax profits at specialist student and independent travel firm Usit last year decreased by 65% to €239,380 as costs increased.

According to accounts just returned to the Companies’ Office, Usit Ireland Ltd recorded the drop in pre-tax profits from €686,270 to €239,380 as gross revenues fell 7% from €24.47m to €22.8m.

The drop in net revenues was at a much lower rate of 1% from €5.87m to €5.81m.