Profits at Twitters UK arm slid by 21pc last year despite almost £80m in advertising sales.
Profits fell to £2.7m, partly due to a £1.4m restructuring expense, though the company said performance has been in line with expectations. The company has struggled to make money since starting in 2006.
The restructuring expense was Twitter UK’s contribution to the cost of reorganising the business after wider job cuts from its US parent. However, the UK part of the business actually increased its staff numbers in the country by 24 people, to bring the total number of UK employees to 187.
Its corporation tax for the year was £815,000, the accounts show, compared with £1.24m the year previously.
Twitters UK accounts do not include any busin…
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