Grafton losses increase six fold to €2.2m

GRAFTON Recruitment saw its pre-tax losses increase almost 600% to €2.2 million in the year to the end of March 2009.

These losses came despite the successful realignment of the company’s operating model but the global downturn has affected company operations in all markets, according to accounts just filed.

“The market for recruitment services remains highly competitive in the current economic climate. The directors are confident that appropriate steps have been taken to ensure the company is competitive and profitable going forward.