Further losses add to Grafton’s woes

FURTHER substantial losses of €1.2 million (€2.2m restated) were incurred by Grafton Recruitment in the year to end March 2010.

Further losses add to Grafton’s woes
Tue, 15 Feb, 2011 - 00:00
Brian O'Mahony

Despite serious cost-cutting and some job losses, the group was unable to shake off the impact of the meltdown in the Irish economy.

As a result of the ongoing losses the balance sheet is now showing a shareholders’ funds deficit of over €3m against €1.8m in 2009.

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