Worldspreads Ireland, the financial spread-betting business being bought out by management and Merrion Capital, made pre-tax profits of €4.3 million in the year ending March 2009.
This was almost double the €2.2 million it made the previous year. The pre-tax profit figure was achieved on revenues of €7.9 million.
Brian O’Neill, chief operating officer of Worldspreads, is leading the MBO of the Irish business, which will see the consortium behind the deal paying an upfront cash...
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