Shopify puts €354m into its Irish subsidiary

The Irish arm’s turnover rose in 2017 to $13.7 million compared with $6.2 million the year before. Its costs rose in the same period - from $5.9 million to $11.7 million

Barry J Whyte

Chief Feature Writer @whytebarry
11th August, 2019

Shopify - an online commerce platform dubbed the new Amazon - has put €354.1 million into its Irish subsidiary, company filings show.

The Irish arm’s turnover rose in 2017 to $13.7 million compared with $6.2 million the year before. Its costs rose in the same period - from $5.9 million to $11.7 million - so the company registered a loss for the year of $7.2 million compared with a profit of $166,364 the year before.

The company’s accumulated losses stood...

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