Alps Electric saw profits drop 46.3%

AUTOMOTIVE component manufacturer Alps Electric saw profits at their Irish facility drop by 46.3% in the company’s latest accounting year.

Alps Electric (Ireland) Limited saw pre-tax profits fall by €1.77m, in the year to April, 2002, to €2.05m from €3.8m, a year earlier.

Sales also fell from €89.4m to €72.2m, a near 20% fall figures filed with the Companies Registration Office reveal.