Reox ‘expects growth’ despite losses of €30.7m

THE property-to-food group Reox, that is 25% owned by Dairygold in north Cork, recorded huge losses in the year to June 30, 2010, of €30.7 million.

Results from the Companies Office show that figure was up dramatically from the nine months figure to end June 2009 which showed a much modest loss of €2.1m.

The chairman’s statement said the results were split between continuing and discontinued operations.