UCB Manufacturing losses fall 50% to €72m

PRE-TAX losses at Shannon-based pharmaceutical firm UCB Manufacturing Ireland Ltd more than halved to €71.9 million in 2010, new figures show.

According to accounts recently filed by the Belgian-owned company, they show that the firm recorded a pre-tax loss of €71.9m in 2010 following a pre-tax loss of €182.8m in 2009.

The figures show that the company (formerly Schwarz Pharma Ltd) increased its turnover by €2m to €81.4m in the year to the end of December 2010.