Liebherr profits dragged by costs

The Kerry-based Liebherr crane factory dogged by an industrial dispute in the last 12 months saw profits fall sharply as costs surged last year.

Liebherr Container Cranes Ltd, based in Killarney, saw net profit dip from €18.3m in 2012 to €5.2m last year, according to the company’s annual results.

The decrease in profitability was driven largely by rising costs, including raw materials, supplies, and purchased merchandise.