Correction

IT was incorrectly reported in yesterday’s Irish Examiner that ONE51 was anticipating a fall in earnings of up to 38%.

ONE51 in fact expects earnings to fall by as much as 15% this year, and the company has told shareholders 2009 will be immensely challenging across all aspects of the wider economy and that these challenges will likely extend into 2010.

One51 chief executive Philip Lynch, in a letter to shareholders, said: “In light of the current adverse conditions and lack of visibility, we are being conservative with our guidance for 2009.”