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Profits fall at Tegral

PRE-tax profits at building materials manufacturer Tegral plummeted by 99pc within the last year to €59,235 from €12.33m.

Turnover dropped by 44pc from €72.8m to €40.8m to the end of December last.

Staffing was reduced from 239 to 193 last year. In June of this year, Tegral announced the loss of a further 41 jobs.