John F Supple cuts losses by more than €6.6m but outlook ‘challenging’

CORK construction firm John F Supple have reduced their annual losses significantly, but they said the outlook remains challenging.

Accounts just filed for John F Supple Limited for the year ended September 30, 2009, show that pre-tax losses were almost €8 million compared with €14.6m in the previous year. In 2009 turnover was €11.7m after plunging from €127.1m in the previous year.

The company said its ability to continue as a going concern is dependent upon the continuing support of NAMA.