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Irish assembler suffers loss

10th September 1983, Page 6
10th September 1983
Page 6
Page 6, 10th September 1983 — Irish assembler suffers loss
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Which of the following most accurately describes the problem?

McCAIRNS (PMPA), the Irish assembler of Mitsubishi commercials, made a loss of IRE1.04m (E806,000) last year, on a turnover of IR£5.6m. In the previous 15 months, the company lost 111E362,115 on sales of IRE10.3rn.

The Mitsubishi work helped prevent even worse figures, as the company lost a Vauxhall-Bedford franchise. It reports a subsequent reduction in losses this year, following a major rationalisation programme.