Mastercard’s Irish unit reports big rise in revenues and profits

Newly filed accounts also show former parent gave subsidiary €130m late last year

Revenue almost tripled last year at Mastercard Ireland to €177.8 million from €60.5 million in 2018

Revenue almost tripled last year at Mastercard Ireland to €177.8 million from €60.5 million in 2018

Mastercard, which earlier this year announced plans to create 1,500 additional new jobs locally, recorded a huge surge in revenues and profits at its Irish unit last year.

Recently filed accounts show turnover at Mastercard Ireland Limited almost tripled last year, rising to €177.8 million from €60.5 million in 2018. The subsidiary attributed the jump in revenues to an increase in services to other group companies, which it expects to continue to grow.

Please subscribe or sign in to continue reading.
only €1 first month

Insightful opinion is just a away.