Bathroom products distribution company Qualceram Shires has announced after-tax losses of €1.6m for the six months to the end of June. Losses for the same period last year were €3.7m.

NCB Stockbrokers has sharply cut its earnings forecast for Qualceram Shires, which issued a profits warning on Monday.

QUALCERAM Shires signalled its confidence in a return to growth by restoring its interim dividend.

BATHROOM ceramics manufacturer Qualceram Shires showed signs it had put an end to a difficult period last year as it returned to profitability and resumed dividend payments.

Irish bathrooms firm Qualceram Shires is to axe between 60 and 70 jobs at two of its UK manufacturing sites.