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Ireland: Microsoft and CRH take top spots in companies survey

Based on The Irish Times Top 1,000 Companies 2015 survey, 54% of the companies are based in Ireland, which make up 68% of Top 1,000 jobs, considerably higher compared to UK companies, with 11% of jobs and US companies, with 14.5% of jobs. There is a significant improvement in the finance and banking sector, coming from a loss of €1 billion (US$1.10 billion) in 2014 to a net profit of €7.1 billion. Central Bank earned the most profit in Ireland, with over €2 billion. Since the crash, some banks earned profit
May 27, 2015 Read time: 2 mins

Based on The Irish Times Top 1,000 Companies 2015 survey, 54% of the companies are based in Ireland, which make up 68% of Top 1,000 jobs, considerably higher compared to UK companies, with 11% of jobs and US companies, with 14.5% of jobs.

There is a significant improvement in the finance and banking sector, coming from a loss of €1 billion (US$1.10 billion) in 2014 to a net profit of €7.1 billion. Central Bank earned the most profit in Ireland, with over €2 billion. Since the crash, some banks earned profits for the first time, such as AIB, Ulster Bank and Bank of Ireland.

Among the Top 1,000 companies, total net profits rose 33% year-on-year from €12 billion to €15.9 billion.

US technology company, 4452 Microsoft, became the largest organisation in Ireland, with a 32% yearly revenue growth and €19.8 billion in yearly turnover, pushing 723 CRH, the Irish-based construction materials company, into second spot.

2996 Google fell one spot to third place while social media giant, 4698 Facebook jumped to 28, up nine places.

New organisations featuring in the Top 10 includes fourth place, Medtronic, a pharmaceutical company which might potentially compete for number one with Microsoft in 2016.

Other Irish names that feature in the Top 10 are DCC at fifth place  and Smurfit Kappa at ninth place.

Grocery retailer Tesco drops to 30, down ten places as it faces a decline in sales in Ireland.

The survey has shown that the top companies in Ireland are recovering as 65% have noted a growth in sales in their latest financial year, an increase of 5% from the survey in 2014.

For more information on companies in this article

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