Sunday 4 December 2016

Boots boasts 45pc increase in profits

Published 07/01/2012 | 05:00

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THE Irish unit of chemist chain Boots posted a pre-tax profit of €16m in its last financial year -- a 45pc increase on the previous period. New accounts just filed for the business show that, although turnover at the group nudged just slightly higher to €267.2m in the 12 months to the end of last March, a reduction in operating costs from €120.5m to €116.1m helped to bolster the bottom line.

FitzGerald departs board role at One51

DIRECTORS

EITHNE FitzGerald has stepped down from the board of investment group One51. Her decision to depart is believed to have stemmed from work commitments -- she is a partner with law firm A&L Goodbody -- rather than the tumultuous events at One51 over the past two years. It's understood that One51 is looking to reduce the size of its board so Ms FitzGerald won't be replaced.

€1.44m total pay for United Drug boss

PAY

Liam FitzGerald, the chief executive of United Drug, received total remuneration of €1.44m last year, according to the group's annual report published yesterday. That compares to a total of €1.18m in 2010. His basic salary of €570,000 was unchanged. He received a cash performance bonus of €405,000 in 2011 compared to €353,000 in 2010. He also received a pension contribution of €207,000 last year compared to €127,000 in 2010.

Apple's Siri linked to jump in data usage

TELECOMS

Apple's voice recognition software, Siri, which it included in the latest version of its iPhone, has led to a doubling of data traffic among its users. Rapid increases in data usage pose major headaches for networks. Siri enables users to use their voices for a number of tasks such as writing messages and checking the weather forecast.

Surge in sales leads to Samsung record

ELECTRONICS

Samsung, Asia's largest consumer electronics company, reported a record quarterly profit on surging sales of Galaxy phones and a one-time gain from selling its hard disk business. Operating profit jumped 73pc to 5.2trn won ($4.5bn) in the three months to the end of December.

Irish Independent

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