Archaeology firm’s losses drop 90%

A CORK-BASED archaeological firm saw its pre-tax losses reduce significantly in the year to the end of March 2010.

Headland Archaeology (Ireland) Limited in the year to the end of May 2010 saw turnover increased by about 18% from €2.8m to €3.3m and pre-tax losses reduce by almost 90% from €0.8m to €0.09m.

The board said it is pleased to report a “much improved performance” in the current year despite the continuing impact of the credit crunch.