Sharp fall in losses at Irish arm of G4S security firm

The Irish arm of security giant G4S cut its losses in 2015 after a restructuring.

New accounts show that finance costs at G4S Cash Solutions Ireland Ltd of €1.75m meant it had a pre-tax loss of €606,000. However, that is sharply down from the loss of €8.3m loss in 2014.

It had an operating profit of €1.1m in 2015 after it posted a loss of €7.2m in the previous year. Revenues increased by 11% to €37m.