Kinsale Financial made $96m with just two employees

The Irish treasury operation of a giant US pharmaceutical company made profits of more than $96 million (€81 million) in 2004, despite employing just two people.

18th February, 2006

The Irish treasury operation of a giant US pharmaceutical company made profits of more than $96 million (€81 million) in 2004, despite employing just two people.

Kinsale Financial Services, a subsidiary of Eli Lilly, reported pre-tax profits of $96.4 million in the year to December 31, 2004.

The profits were recorded after paying the US parent an $8.5 million dividend and paying $13.6 million in taxes to the Revenue Commissioners, according to accounts filed in the Companies Office.

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Get basic

*New subscribers only

You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The year in review

Legacy Richie Oakley 1 year ago

Newsround: What Thursday’s papers say

Legacy Leanna Byrne 5 years ago

More cycle routes, expansion of Luas to Bray and new bus network proposed

Legacy Digital Desk 5 years ago