The chairman of bathroom products maker Qualceram has told shareholders that trading in the first four months of the year has been affected by rising interest rates and the housing slowdown in the Irish market.
Despite this, Peter Addison described the performance as 'satisfactory'.
Mr Addison also told the AGM a tender process for the company's existing 13-acre site in Arklow, Co Wicklow, had not produced 'an acceptable offer', but the group was in talks with interested parties on a number of proposals.
Qualceram is planning to re-locate to an alternative site in the area. Mr Addison said the sale process may take 'a number of months', but it expected to be able to move over the next two years.
