Monday 26 September 2016

Revenues at NCT firm motor ahead to €75m

Gordon Deegan

Published 31/10/2015 | 02:30

A National Car Test centre
A National Car Test centre

The firm that operates the National Car Test (NCT) clocked up a weekly revenue bonanza of more than €1.44m last year.

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New figures show that Spanish firm Applus enjoyed a €10.5m jump in revenues to a total of €74.94m as the number of tests and retests carried out last year topped the two million mark for the first time.

The increased business for Applus did not translate into higher profits for the firm as operating profits decreased by 7.5pc from €4.2m to €3.89m.

This arose as the firm's costs increased by €11m to €71m.

Applus secured the 10-year contract to operate the NCT in 2009.

Last year it paid a €3.7m dividend and this followed a dividend payout of €4.4m in 2013.

Applus increased its workforce from 655 to 770 and the directors state that they will employ an additional 25 this year. Staff costs increased from €23.9m to €28.5m.

Pre-tax profits reduced by 1.5pc to €4.43m.

Remuneration to directors totalled last year €273,383. Applus said that the results were satisfactory and future growth is expected.

Irish Independent

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