State Street International pays out €140m in dividends

A financial services firm employing over 960 employees here has paid dividends of €140m to its parent this year.

According to accounts filed by State Street International (Ireland) Ltd, operating profit last year fell by 77% from €991,135 to €228,606 in spite of revenues increasing by 17% from €106.88m to €124.36m.

The US-owned firm provides management and administration services to its subsidiaries. Numbers employed rose from 925 to 968 and labour costs increased from €57m to €62.27m.