Restructuring costs contribute to Tegral losses

Building materials’ maker Tegral plunged further into the red last year to record pre-tax losses of €7.8m.

Documents lodged with the Companies Registration Office by Tegral Building Products Ltd show the firm recorded the pre-tax loss last year after revenues marginally increased from €29.1m to €29.7m.

The contributory factor to the losses was €3.2m on restructuring costs — last year, Tegral announced it was seeking 52 redundancies in response to the collapse in the construction sector.