The Irish Times reported Tuesday that Full Tilt parent Rational FT Services earned more than Euro 3 million in profits last year, according to accounts filed by the Dublin-based business. However, turnover fell almost 8 percent last year to Euro 36 million from Euro 39 million in 2013.
Rational FT Services is an Irish company that provides information technology, marketing and customer support to Full Tilt, and reported that pre-tax profits almost doubled to Euro 3.3 million in 2014 from Euro 1.9 million the previous year. After tax, the company had a surplus of Euro 3 million, compared to Euro 1.7 million in the prior 12 months.
Net assets at the end of the year were Euro 2 million, and the records show that other Rational group companies owed the Irish entity more than Euro 3 million, whilst Rational FT owed almost Euro 5 million to its creditors.
The company employed 343 people in information technology, content management, data analysis, engineering, finance and other roles last year, slightly up on the 331 on its payroll in 2013 and well up on the 175 employed by a moribund Full Tilt when Rational took the company under its wing in 2012.