Irish Continental sees sharp first-half fall

IRISH Continental Group (ICG), in which troubled property developer Liam Carroll has a key minority holding, suffered a sharp fall in turnover and profits in the first half of the year.

Figures to end June 2009 show sales fell 28% to €119.8 million and operating profit was down sharply by 59% to €18.8m.

The figures were in line with previous indications given by the group.