Bristol Myers Squibb's Dublin-based unit paid out dividends of just under €6 billion ($6.3 billion) last year, bringing the total amount paid out across 2023, 2022, and 2021 to €15.5 billion ($16.5 billion). The company received dividends of $5.65 billion from subsidiary firms in 2023. A new manufacturing plant in Mulhuddart, Dublin 15, granted planning permission to a connected Bristol Myers Squibb firm, will employ 300 people once operational.
Dublin -based unit of pharma giant Bristol Myers Squibb paid out dividends of just under €6 billion last year. Photograph: ReutersA Dublin based unit of pharma giant, Bristol Myers Squibb last year paid out dividends of just under €6 billion .
Bristol Myers Squibb operates its Cruiserath Biologics Campus, a $1 billion multi-product Cell Culture Biologics manufacturing facility at its Mulhuddart base. The firm recorded the increase in profits as its dividend income in 2022 increased by 17.4 per cent from $4.1 billion to $4.82 billion. The company incurred a corporation tax charge of $59.1m resulting in post tax profits of $5.2 billion. A note attached to the accounts states that “tax rates are based on Swiss tax since the company is tax resident in Switzerland”.
Bristol Myers Squibb Dublin Dividends Manufacturing Plant Employment
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