Truck importer lost €5.4m in 2012

The Dublin-based commercial vehicle importer and distributor, Armalou recorded pre-tax losses of €5.4m in 2012 after write-downs in property and investments.

The group imports and distributes various brands in Ireland, including DAF and Hyster, and its revenues reduced by 13% to €29.43m in the 12 months to the end of December 2012.

In accounts just filed with the Companies Office, the group said it recorded the loss after incurring a property write-down of €4.1m and amount written-off in investments totalling €468,263.