Specialist food supply company cuts losses

HORGANS Delicatessen Supplies, the Cork-based speciality and chilled foods distributors, reduced its losses significantly last year.

The company saw pre-tax losses fall to €128,378 in the year to January 3, 2010, from €729,638 in the previous year.

The company is forecasting a trading profit of €466,695 for 2010. This is before charging interest of €111,879 and depreciation of €369,879. Total costs for 2010 are targeted to fall by 9.5% to a total of €7,500,000 approximately, according to accounts just filed.