Increased turnover boosted profits at car parks operator Q-Park Management last year. Turnover at the Dutch-owned company, which manages car parks in Belfast, Cork, Dublin and other centres, grew some 8 per cent in 2011 to €5.8 million from €5.4 million the previous year. Costs remained stable at €4.7 million, leaving the business with a pretax profit of €1.08 million last year.

A tax bill of €1.33 million, which included tax and a charge for reliefs used by other companies in the same group, left it with a €250,000 loss for the year.