Pre-tax profits drop to €6.1m at Irish eBay unit

Pre-tax profits at the main Irish unit of online company eBay fell 6% to €6.1m last year in spite of a jump in revenues, new figures show.

According to accounts filed with the Companies Office, eBay Europe Services Ltd recorded the decrease in pre-tax profits despite revenues increasing 5% from €56.6m to €59.6m in the 12 months to the end of December last.

The firm’s profits last year take account of operating lease charges of €1.5m and non-cash depreciation costs of €3.1m. The figures show that the company had an 8% increase in operating profits from €5.4m to €5.9m.