Pre-tax profits at the consortium that operates the e-Flow toll on the M50 and other motorways fell 6% to €2.6m in 2014, new figures show. According to abridged accounts just filed with the Companies Office by Sanef ITS Operations Ireland Ltd — now renamed Emovis Operations Ireland Ltd — the firm recorded the decrease in pre-tax profit after gross profits dropped 12% from €6m to €5.3m in the 12 months to the end of 2014.

The National Roads Authority (NRA) is seeking firms to bid for a new estimated €155m 11-year contract to provide e-flow toll services on the M50 motorway until 2029.

Pre-tax profits at the French consortium that operates the e-flow toll on Dublin’s M50 increased last year by 20% to €2.96m, new figures show.