Profits at Ennis Lifts fall by 50%

PRE-TAX profits at Co Clare-based firm, Ennis Lifts Ltd last year dropped by 57% from €1.39 million to €594,097.

Managing director, Garech McGuinness said he is quite satisfied with the company’s performance. “The results are in line with projections.”

Mr McGuinness said the company addressed its cost base last year. “We had to make cutbacks in order to compete and in order to retain stability.”