Food and property group narrows losses

Losses narrowed sharply at Cork-based property and food group Reox Holdings last year to €2.2m.

Accounts filed with the Companies Office show revenues at the group fell from €38.9m to €18m in the 12 months to the end of June last year.

This follows the firm closing its 4HOME business and cutting staff numbers from 223 to 50 last year. As a result, staff costs fell from €6.8m to €2.6m