Bowen hit by loss of €9.9m

BOWEN, the Cork-based construction company, made a loss of almost €10 million in its last financial year.

Newly filed accounts at the Companies Registration Office reveal the company made a loss of €9.9m in the 12 months to end March 2007 compared with a profit of €4.39min the previous financial year.

The company says it was disappointed with the move into losses in 2007, which was the result of an €8m writedown in a specific contract.