Pre-tax profits at chemical firm drop by 7% to €1.3m

Pre-tax profits at a Shannon-based chemical firm last year decreased by 7% to €1.3 million.

Accounts just filed by Chemifloc show that to the end of Dec 2011, the company incurred the drop in pre-tax profits after the firm’s gross profit declined from €4.8m to €4.4m.

The accounts show the company had accumulated profits of €9.8m at the end of Dec 2011.