Topaz reports loss of €19.1m

PETROL station chain Topaz said it is trading “satisfactorily” this year and is looking for further acquisitions after makinga pre-tax loss of €19.1 million in 2009.

It said revenue is down as the level of activity in Ireland contracts but this is offset by a strong focus on cost control.

In accounts just filed with the Companies Registration Office the company’s chairman, Neil O’Leary, said that apart from the effects of the recent extreme weather the fall-off in sales is bottoming out currently and the results for the year to March 2010 will “be in line with our projected range”.