Morgan Fuels returns to profit

Dundalk-based fuel group Morgan Fuels climbed back to profitability in the six months to the end of March, despite a significant drop in sales.

Morgan Fuels returns to profit

Accounts filed to the Company’s Office show the firm’s turnover declined markedly, even allowing for the differing accounting periods covered by the latest set of accounts and those filed in September 2013, which encompassed an 18-month period.

The six months to the end of March saw the company record turnover of €71.4m, compared to €244.4m for the previous 18-month period.

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