Supple hopes to trade out of loss

CORK construction firm John F Supple expects to trade out of its current difficulties, despite recording pre-tax losses of €14.6 million in the 21 months to the end of September 2008.

The company is this month scheduled to pay almost €3.4m to its creditors as part of a survival deal hammered out last year.

This is the second instalment of money due under an arrangement in which it is understood the company has agreed to pay 75c of each euro owed to creditors in three separate stages.