Clare mining equipment manufacturer Mincon sees revenues slump

Company generated €80.6m in revenue during the first six months of the year — a 5.3% drop compared to the €85.1m generated during the same period in 2022

The company's mining revenue dropped 15%, with the biggest contraction seen in the Europe and Middle East region. 

Clare-based mining tools manufacturer Mincon Group has posted a decline in revenues following a “challenging” start to the year, the company has said, 

According to the company’s half-year results, it generated €80.6m in revenue during the first six months of the year — a 5.3% drop compared to the €85.1m generated during the same period in 2022. The company’s after tax profit for this period came to just under €4.9m — down from €6.5m.