Monaghan Mushrooms lost €3.7m

Monaghan Mushrooms swung into losses in the last financial year, according to accounts just filed at the Companies Registration Office (CRO).

The company said pre-tax losses in the 16 months to end December 2003 were €3.7 million compared to a profit of €15m in 2002.

The results do not include any figures from its merger with Carbury Mushrooms last year. Monaghan merged with Carbury Mushroom in June 2004.