Galway’s C&F Tooling in profit after difficult 2013

Galway manufacturing group, C&F Tooling returned to profitability in 2014 after recording a pre-tax loss of €12.28m the previous year, according to new accounts.

The accounts are for 2013 and show revenues at C&F Tooling Ltd and subsidiaries fell 17% to €114.56m in that year.

The directors however say that since the end of the year costs have been reduced and the group returned to profitability in 2014.