Northern firm sees 98pc fall in revenue
Published 11/02/2011 | 05:00
CIVIL engineering firm McAteer and Rush suffered a 98pc decline in income in the year to the end of March 2010 in the Republic, according to accounts filed with the CRO.
Revenues in the Republic fell from €26.7m to €500,000. Profits dropped from €4.2m in 2009 to a small loss. The company paid a dividend from retained RoI profits of €5.5m back to its Northern- based parent company, the accounts showed.
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