Security services G4S Irish arm swings back into profit

The Irish arm of multinational security services giant G4S returned to profit last year and saw a healthy jump in revenues.

Newly filed accounts show that G4S Cash Solutions Ireland Ltd recorded a pre-tax profit of €747,000 for the 12 months to the end of December. This followed a pre-tax loss of €606,000 for 2015.

The company’s revenues jumped by 18%, to €43.83m, last year — boosted by a rival exiting the Irish cash in transit market, allowing G4S to capture “a large element of the remaining business”.