Profits down 16% at NCT firm to €7.58m after drop in number of tests carried out
Pre-tax profits at the firm that operates the National Car Test (NCT) last year dipped by 16pc to €7.58m, due to a decrease in the number of tests carried out. The Irish arm of Spanish firm Applus sustained the drop in profits as revenues decreased by 6.4pc, going from €83.18m to €77.8m.
The company last year paid a dividend of €8.3m and this followed a dividend payout of €5.4m in 2016. The directors state that the number of vehicles tested was ahead of the company's 10-year business plan in 2017 and that productivity improved marginally during 2017. Numbers employed last year reduced from 847 to 814. The number of tests carried out last year totalled 2.5 million, made up of 1.35 million full tests and 688,336 re-tests. The 2.5 million total represents a 7pc decrease on the 2.22 million tests carried out in 2016 made up of 1.465m in full tests and 759,498 in retests.
The directors state that they consider the results for the year to be satisfactory. They state: "Future growth is expected to come from core related vehicle inspection and associated road safety activity." Staff costs decreased from €34.72m in 2016 to €34m last year.