Arcon bring total losses to €94.5m

ARCON’S streak of loss making results continues with the zinc mining company reporting pre-tax losses of €14.65 million for 2002 bringing accumulated losses to €94.5m.

Shares in Arcon International Resources PLC, operators of the zinc mine at Galmoy in county Kilkenny, traded at three cents yesterday, down from 31 cents in January 2000.

Pretax losses of €14.65m for 2002 were slightly lower than the €15.67m the company lost in 2001.