Monday, December 01, 2008

Shannon-based firm posts massive profits

Shannon firm Digital River Ireland Ltd last year returned a pre-tax profit in its first full year of operation in Ireland.

According to returns just made to the Companies Office, the Irish arm of Digital River recorded a pre-tax profit of €1.7m last year.

This followed the US-owned e-commerce firm returning a loss of €821,962 in 2006, reports the Irish Independent. The company incorporated in Ireland in August 2005.