Hawk-Eye profits jump €1.65m

The technology firm at the centre of the controversy over the GAA’s malfunctioning detection system increased its profits by £1.42 million (€1.65m) last year.

According to accounts filed by Hawk-Eye Innovations Ltd with Companies House in Britain, they show that the firm increased its accumulated profits — profits carried over — from £208,347 to £1.63m last year.

The figures show that Hawk-Eye Innovations Ltd more than tripled its cash balance from £608,225 to £1.86m in the 12 months to the end of March 31, 2012.