Profit & Loss: Inside the world of private Irish businesses
Sean Gallagher Business Matters, AerCap and Etsy's Irish arm
The Irish arm ofEtsy, the e-commerce platform, saw its turnover rise from €59.4 million in 2016 to €82.3 million in 2017.
Meanwhile, the company saw a pre-tax loss of €102.9 million in 2016 turn to a pre-tax profit of €54.4 million, thanks largely to a reduction in its expenses from more than €110 million to just over €65 million. Its accumulated losses fell from €149.6 million to €136.1 million.
All of Etsy’s turnover ...