Tool maker Oglesby & Butler has reported a pre-tax loss of just over €300,00 for the year to the end of March, following a profit of €200,000 a year earlier.
Sales dropped from €5.4m to €4.7m and the company said trading conditions in the period were 'considerably worse than expected'. This was mainly because of a downturn in consumer demand and the weakness of the US dollar and sterling.
Oglesby & Butler returned to full-time work late last year after a period when its plant operated for three days a week.
No dividend is to be paid to shareholders.
