Ardagh has €30.15m loss

ARDAGH reported pre-tax losses of €30.15 million for the year ended December 2002.

Ardagh has €30.15m loss

The figures show that pre-tax losses of €18.8 million were run up at the demerging glass operations, and the discontinued Dublin operations made losses of €11.96.

However, the company said the results for the discontinued business include the costs of closure of the Ringsend plant and associated redundancy payments amounting to €12.2 million. The losses were made on a turnover of €317.59 million.

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