Profits tumble at taxi app Free Now

Pre-tax profit of €1.6m for 2021 compares to pre-tax profits of €6.38m for 2020

The directors said the business had started a trial with an electric scooter provider in Dublin to accompany the ongoing change within the mobility market.

Pre-tax profits at the firm which operates the taxi app Free Now tumbled by 75% to €1.6m in 2021.

Accounts filed by Free Now Ireland Ltd show the business sustained the sharp drop in profits as revenues increased by 38% from €16m to €22.13m.