Servier restructure cuts pre-tax profits

Restructuring charges of €1.3m at the main Irish unit of French pharma giant, Servier last year contributed to pre-tax profits declining by 4% to €63.55m.

According to accounts just filed by Servier (Ireland) Industries Ltd to the Companies Office, the Co Wicklow-based firm which employs almost 440 people sustained the drop in profits in spite of revenues increasing by 2.5% from €607.89m to €622.87m.

The firm in the year to the end of September 30 last paid a dividend of €60m to its parent and this followed a dividend payout of €40m in 2013.