Mars Ireland profits up 42%

Pre-tax profits at the Irish arm of food giant, Mars, last year jumped 42% to €7.74m.

New accounts filed by Mars Ireland Ltd show the firm recorded the jump in pre-tax profits in spite of incurring redundancy costs of €3.9m. Revenues remained flat , dipping from €127.76m to €127.32m.

According to the directors’ report, “trading conditions remained challenging in Ireland in 2014 with continued pressure on consumers’ disposable income, impacting sales growth in 2014”.