Hikes help NCT firm double profits
The Spanish-owned firm that operates the NCT car testing system doubled its profits last year after hiking charges.
Applus Car Testing Service Ltd (ACTSL) performed over 1.6 million NCT tests and re-tests and chalked up revenues of €57.6m.
Pre-tax profits at the firm rose 50pc to €4m.
The numbers of tests in 2012 was up 10pc from 2011 while revenues last year increased by 15pc from €49.9m to €57.6m. Older cars have to be tested more often, so the company is benefiting from the slowdown in new car sales. The increase was helped by a hike in the price of getting a car tested – which increased from €50 to €55 in February 2012. The price of a retest stayed at €28.
Figures for last year show that just over half of all cars failed their first test. That failure rate was up on the previous year.
Applus secured the 10-year contract for the NCT in 2009, commencing testing in January 2010. Applus+ today provides the NCT from 46 NCT centres across the country.
A breakdown of the firm's revenues show that €55.4m was generated from the NCT with €1.68m from the VRT Import Conformance Inspection and €447,924 from ancillary revenues.