South Wharf, the company which is involved in a legal battle with Dublin Port over the former Ringsend glass factory, has reported pre-tax losses of €2.2m for last year, following a profit of €1.1m in 2004.
Turnover from glass manufactured in Ringsend rose by more than 30% o €1.2m. But costs linked to the drawing up of plans for the development of the site came to €1.4m.
Last year, one of the company's subsidiaries applied to the Dublin Port Company to acquire full ownership of the Ringsend site, which is currently leased. Dublin Port is opposing the move, and issued proceedings seeking repossession of the land. South Wharf said today that the case would be heard in the Commercial Court on July 25.
