Engineering firm in red as revenue falls

One of the country’s largest engineering firms, the Roughan & O’Donovan Group, slipped into the red last year after revenues dropped by 13% to €14m.

According to accounts just filed with the Companies Office, the firm recorded a pre-tax loss of €160,084 for the 12 months to the end of October. This compared to a pre-tax profit of €358,428 the previous year.

The figures show that the group’s revenues declined from €16.3m to €14.1m.