Profits at firm that owns Tipperary lead mine more than halve to €27m

Pre-tax profits at the company that operates the Lisheen lead and zinc mine in Co Tipperary more than halved last year to $36.5m (€27m).

New accounts lodged by Lisheen Milling Ltd show that the firm recorded the sharp drop in profits after revenues declined by 30% from $409.53m to $284.4m in the 12 months to the end of March 2013.

The prior period covered 15 months. The firm’s pre-tax profits reduced by 52% from $75.5m to $36.5m.