FedEx Irish pre-tax profits fell by 15% in a year 

Profits at FedEx Express Ireland declined after revenues fell by 8%, from €70.9m to €65.05m, in the 12 months to the end of May

FedEx Express Ireland's pre-tax profits fell 15% to €4.1m. One of its chief competitors, United Parcel Service of Ireland (UPS) saw a 73% decrease to €1.74m in its pre-tax profits. File picture: Jason Clarke

Pre-tax profits at the Irish arm of express delivery firm FedEx this year declined by 15% to €4.1m.

New accounts filed by FedEx Express Ireland Ltd show that the profits at the firm declined after revenues decreased by 8%, from €70.9m to €65.05m, in the 12 months to the end of May this year.