Investment firm’s revenues fall sharply

THE investment firm owned by former Irish rugby international Ray McLoughlin swung into the red last year.

Operating revenue was down significantly from almost €6 million to €1.7m at Dublin-based Monset.

The company recorded pre-tax losses of just over €11m compared with a profit of €166,000 in the previous year, according to accounts just filed for Monset Limited for 2010.