Profits almost triple at Irish arm of FIFA-maker
Published 20/11/2015 | 02:30
Pre-tax profits at the Irish arm of the game firm behind the mega-selling FIFA 16 almost tripled to €191,915 last year.
New figures just filed by Electronic Arts Ireland to the Companies Office show that pre-tax profits increased sharply as revenues increased marginally in the 12 months to the end of March 29 this year.
The firm's revenues increased from €21.54m to €22.3m.
Numbers employed rose from 267 to 307 and according to the directors' report the firm supports a range of EA games and franchises.
The parent firm is headquartered at Redwood in California and some of the games in its extensive portfolio include the Star Wars series, the Harry Potter adventures, the Battlefield series and the Medal of Honour franchises.
The firm opened its facility in Galway in 2011. In 2012, Taoiseach Enda Kenny announced the creation of 300 further jobs at the site. Staff costs rose by 6.5pc, from €12m to €12.8m, including share-based payments of €244,252. The profit last year takes account of hefty non-cash depreciation costs of €3.56m.