The Irish arm of international delivery company, United Parcel Service (UPS) last year returned to profit in spite of a drop in revenues, writes Gordon Deegan.

Accounts filed with the Companies Office, show United Parcel Service of Ireland Ltd recorded a pre-tax profit of €4.94 million after posting a pre-tax loss of €1.85 million in 2009.

The Dublin-based firm went into the red in 2009 after sustaining a €2.7 million cost related to restructuring costs and the redundancy of staff who worked at a company call centre in Dublin’s Tallaght that the firm closed down.

The US-owned company’s revenues last year dropped by 11 per cent to €70 million.