Shannon

ACCOUNTS filed with the Companies Office by Intel Shannon Ltd show it recorded pre-tax profits of well over US$5 million in 2011.The Director’s Report states there was an operating profit margin of 9.1% in 2011 compared to one of 9.0% the previous year. “The profit on ordinary activities before taxation amounted to US$5,421,647 compared to a profit of $4,194,961 in the previous year. After a credit to taxation of $30,606 (2010: charge of $217,373) a profit of $5,452,253 (2010: profit of $4,967,588) is transferred to reserves,” the report also stated.The profit on ordinary activities, multiplies by Ireland’s 12.5% rate of corporate tax came to $677,706.  The average number of people employed during the year was 217, five more than the previous year.More than three-quarters (173) of them were working in research and development, with the remaining 44 in management and administration, including sales and marketing.The company spent $19,368,760 on wages, almost $2.4m more than in 2010. There were also social …

THE Shannon Pastoral Council’s financial statement for last year showed an excess of income over expenditure of €53,746.

WORK is continuing on preparations for the 2013 St Patrick’s Day parade, with a launch due to take place next Wednesday at Hasting’s Cottage, close to Illaunmanagh Cemetery.

TWENTY housing estates in Shannon haven’t been taken in charge by Clare County Council, it was revealed at last week’s town council meeting.

FOLLOWING consultation with local businesses and the gardaí, SkyCourt Shannon is attempting to eliminate what it calls “a new phenomenon of unruly behaviour by a small minority of disruptive teenagers, which has been creeping into the shopping centre since early new year”.

THERE are 351 applicants on the housing waiting list who have expressed a preference for Shannon and at least one has been on the list for the last 14 years.

IN letters to Shannon Town Council, both Electric Ireland and Airtricity have defended the reconnection fees they charge to customers.

SHANNON Chamber has selected former chief executive of Shannon Development, Kevin Thompstone, as its new president.He succeeds Damian Gleeson of Grant Thornton, who held the position for two years.Mr Thompstone said he was honoured to take up the position and when he spoke to the Clare Champion on Tuesday he acknowledged that it’s a difficult time for some of the Chamber’s members. “It’s not unique to this region or unique to Ireland but we’re in the middle of a pretty deep economic crisis that’s effecting nearly every part of the world. That’s just the reality of business life at the moment but having said that, Shannon Chamber has a good cross-section of members across industrial sectors and people are making a good fist of things. It’s the nature of business, you have an upward cycle and a downward cycle and we just happen to be in one of the trough periods at the moment.”Mr Thompstone lives locally and he left …