Boston Scientific profits rise 16%

Pre-tax profits at the main Irish arm of Boston Scientific last year increased by 16% to $952m (€887m).

The leading US medical device manufacturer is one of the largest companies in Ireland employing more than 4,000 people at sites in Galway, Cork, and Clonmel.

Newly filed accounts show that, despite the solid profit rise, the Irish division’s profits fell 2% to $3.2bn. The firm’s corporation tax bill last year increased almost three fold to $15.7m.