Pre-tax losses at engineering giant fall despite revenue slip

Pre-tax losses at the Irish arm of international firm Jacobs Engineering last year decreased by 53% to €1.5m.

According to accounts filed by Jacobs Engineering Ireland Ltd to the Companies Registration Office, losses decreased from €3.4m to €1.59m in spite of revenues dipping by 6% from €79.9m to €75.3m in the 12 months ending September.

The numbers employed in Cork and Dublin by the US-owned group last year declined from 322 to 317 with staff costs decreasing from €25.3m to €24.9m.