Dublin-listed tool maker Oglesby & Butler has reported narrower losses for the six months to the end of September.
The company said revenue for the period rose by 27% from a year earlier to €2.9m, mainly due to a new product range of herbal vaporisers. But the company said sales of its main products were still being hit by the recession, while it had also been affected by currency movements.
There was a pre-tax loss of €15,000, compared with €500,000 a year earlier. No interim dividend will be paid.
Oglesby & Butler said it had incurred additional costs in developing, launching and manufacturing of the new range of vaporisers, and also in promoting and supporting the core products. The company also had costs of €100,000 linked to lay-offs and legal costs.
