Profits and revenues surge at Amazon's main Irish unit

Pre-tax profits at the main Irish arm of online retail giant Amazon increased by 30.5% to €39.46m last year, as revenues also soared.

Profits and revenues surge at Amazon's main Irish unit

Pre-tax profits at the main Irish arm of online retail giant Amazon increased by 30.5% to €39.46m last year, as revenues also soared.

Newly-filed accounts for Amazon Data Services Ireland Ltd (ADSL) show that the company's revenues jumped by 49% to €1.65bn.

As of the end of December, the company employed 1,371 people; up by 182 in the year.

Globally, Amazon last year recorded revenues of $232.9bn (€205bn). Earlier this month, Forbes reported that the company's founder and chief executive Jeff Bezos has held his position as the world’s richest man with an estimated fortune of $131bn.

ADSL operates several data hub facilities in the Dublin area and last year secured planning permission for the first phase of a new €1bn data services centre at Mulhuddart in Co Dublin.

The company paid corporation tax of €11m on its profits leaving a post-tax profit of €27.6m.

The company’s accumulated profits increased from €100.96m to €128.58m.

The increase in numbers employed by the firm resulted in staff costs increasing from €117.98m to €151.4m.

Another Amazon firm, the Cork-based Amazon CS Ireland Ltd (ACSI) - which operates a customer service centre at Cork Airport Business Park - also enjoyed sales growth last year as revenues increased by 11% to €119m.

However, the company recorded a pre-tax loss of €3.56m after incurring administrative expenses of €122.6m.

more courts articles

DUP calls for measures to prevent Northern Ireland from becoming 'magnet' for asylum seekers DUP calls for measures to prevent Northern Ireland from becoming 'magnet' for asylum seekers
UK's Illegal Migration Act should be disapplied in Northern Ireland, judge rules UK's Illegal Migration Act should be disapplied in Northern Ireland, judge rules
Former prisoner given indefinite hospital order for killing Irishman in London Former prisoner given indefinite hospital order for killing Irishman in London

More in this section

Joe Biden Biden increases tariffs on Chinese imports of electric cars and chips
Construction - digger working at building site on sunny day Large investment funds eye office and data centre projects now interest rates are about to turn
Housing and renewable energy remain key focus for Cork businesses amid election season Housing and renewable energy remain key focus for Cork businesses amid election season
IE logo
Devices


UNLIMITED ACCESS TO THE IRISH EXAMINER FOR TEAMS AND ORGANISATIONS
FIND OUT MORE

The Business Hub
Newsletter

News and analysis on business, money and jobs from Munster and beyond by our expert team of business writers.

Sign up
ie logo
Puzzles Logo

Play digital puzzles like crosswords, sudoku and a variety of word games including the popular Word Wheel

Lunchtime News
Newsletter

Keep up with the stories of the day with our lunchtime news wrap.

Sign up
Cookie Policy Privacy Policy Brand Safety FAQ Help Contact Us Terms and Conditions

© Examiner Echo Group Limited