Unidare report decrease in pre-tax profits

International distribution and manufacturing firm Unidare has seen operating profit before goodwill amortisation drop to €7.8m from €10.3m to the year-ended September 30, 2003.

International distribution and manufacturing firm Unidare has seen operating profit before goodwill amortisation drop to €7.8m from €10.3m to the year-ended September 30, 2003.

Sales fell also from €246m in 2002 to €204m this year.

The company blamed currency translation for the decreases. Profits before tax and exceptional items were down to €5.2m from €7.3m. A dividend payment has been postponed.

The company said that continued uncertainty in the Group’s markets and its investment programme reaching a peak was the reason for the decision.

Chairman Jack Hayes said : "While it will be difficult to match last year’s half-year results due to the disruption costs arising from the relocation of Daalderop’s operations, an initial improvement in our distribution businesses, if maintained, would give us greater optimism for the full year’s results."

more courts articles

Man admits killing Irish pensioner (87) on mobility scooter in London Man admits killing Irish pensioner (87) on mobility scooter in London
Former DUP leader Jeffrey Donaldson arrives at court to face sex charges Former DUP leader Jeffrey Donaldson arrives at court to face sex charges
Case against Jeffrey Donaldson to be heard in court Case against Jeffrey Donaldson to be heard in court

More in this section

The European Central Bank skyscraper in the city of  Frankfurt Main, Germany ECB firmly behind June rate cut but views diverge on July
Tesla cancels its long-promised inexpensive car Tesla cancels its long-promised inexpensive car
Net zero Profits plummet at battery-maker LG Energy amid EV slowdown
IE logo
Devices


UNLIMITED ACCESS TO THE IRISH EXAMINER FOR TEAMS AND ORGANISATIONS
FIND OUT MORE

The Business Hub
Newsletter

News and analysis on business, money and jobs from Munster and beyond by our expert team of business writers.

Sign up
ie logo
Puzzles Logo

Play digital puzzles like crosswords, sudoku and a variety of word games including the popular Word Wheel

Lunchtime News
Newsletter

Keep up with the stories of the day with our lunchtime news wrap.

Sign up
Cookie Policy Privacy Policy Brand Safety FAQ Help Contact Us Terms and Conditions

© Examiner Echo Group Limited