DUBLIN: The Volkswagen brand might have taken a hammering last year following the diesel emissions scandal but the money continued to roll-in at the carmaker’s Irish subsidiary, with profits and revenues rising sharply in 2015.
New accounts just filed with the Companies Registration Office show turnover at Volkswagen Group Ireland Limited rose 31 per cent to €696 million in 2015, as against €531.8 million a year earlier. This comes after sales jumped by 23 per cent in 2014.
The carmaker’s Irish unit, which also imports, markets and distributes Audi, Skoda and Seat vehicles and parts, saw pretax profits increase by 80 per cent to €6.5 million from €3.6 million, while operating profit rose to €7.4 million from €4.3 million.
Shareholders’ funds after tax amounted to €16.2 million, up from €13.5 million a year earlier.
