Dragon positive despite losses

ONE of RTÉ’s ‘Dragons’, Sean Gallagher, said that he expects Smarthomes Ltd to return to profit in the next 12 to 18 months.

Mr Gallagher was commenting on returns for Smarthomes for the 12 months to the end of December 2009, which show that the Dundalk-based company recorded after tax losses of almost €500,000.

Co-owner of the firm, Mr Gallagher, said: “Notwithstanding the challenges in the economy, Smarthomes is re-inventing itself and in the next three to five years, I expect Smarthomes to be bigger and more profitable than it has been in the past.”