Dell Ire­land pays $172m div­i­dend

The Irish Times - Business - - BUSINESS NEWS - CHAR­LIE TAY­LOR

One of Dell’s largest Ir­ish sub­sidiaries paid a $172 mil­lion (€150 mil­lion) div­i­dend to its Dutch par­ent en­tity in 2017, a year in which its own­er­ship was trans­ferred to an­other Dublin-head­quar­tered unit.

Ac­counts re­cently filed for Dell Di­rect, which em­ploys more than 900 peo­ple lo­cally, show it made the div­i­dend pay­ment ahead of be­ing ac­quired by fel­low group com­pany Dell Prod­ucts for $18.5 mil­lion.

Dell Di­rect, the com­puter gi­ant’s Cher­ry­wood-based sales and sup­port op­er­a­tions unit, recorded prof­its of $3.9 mil­lion as against $3.6 mil­lion due to a fall in ex­penses linked to the trans­fer to Dell Prod­ucts. Turnover fell 11 per cent, from $129.4 mil­lion to $115.2 mil­lion with rev­enues de­rived from the pro­vi­sion of sales and mar­ket­ing ser­vices to group com­pa­nies. Em­ployee num­bers fell from 1,107 to 936 with staff costs, in­clud­ing wages fall­ing from $494 mil­lion to $78.1 mil­lion.

Pre­tax prof­its

Sep­a­rate ac­counts for Dell Prod­ucts, which sells the group’s prod­ucts in Europe, the Mid­dle East and Asia (EMEA), show rev­enues rose 8.5 per cent to $12 bil­lion from $11.1 bil­lion last year. Pre­tax prof­its rose to $20.4 mil­lion from $5.3 mil­lion. The sub­sidiary em­ployed 919 peo­ple, up from 846 a year ear­lier with staff costs, ris­ing from $81.6 mil­lion to $103.2 mil­lion.

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