In a bid to offset some of the loss of competitiveness by British industry after Brexit.

Pre-tax profits at Shannon-based multinational Mentor Graphics (Ireland) increased by 4% to $9.6m (€7.3m) in its last financial year.

Pre-tax profits at a Shannon-based holding company for Mentor Graphics (Holdings) Ltd last year increased almost fourfold to $81.3m (€61.2m).

PRE-TAX profits at a Shannon-based holding company for US-owned Mentor Graphics saw an almost fourfold increase to $81.3 million (€6.34m) last year.

A SHANNON-based holding company for US-owned Mentor Graphics last year suffered an 8% drop in pre-tax profits to $20.9 million (€15.9m).