Profits at Mincon fall 76% in ‘tough year’ for Irish engineering tools group
Company closed its subsidiary Mincon Carbide in Sheffield during the year and sold its plant and equipment for €2.2 million in January
Mincon
Mincon confident of earnings and revenue growth in second half of 2024
Irish engineering tools group tells investors it is recovering following a difficult period
‘Challenging’ mining environment sees revenues plunge 16% at Mincon
But Irish engineering group sees light at the end of tunnel with activity ramping up again in recent months
Irish engineering group Mincon saw profits plunge by almost half last year
Mining revenue at Irish engineering group decreased by 16%, with contraction across all the company’s mining regions
Mincon sees revenues fall amid mining industry contraction
Engineering group says two large-scale projects ‘will no longer take place as planned’
Mincon shares slump after revenue falls in first half
Company expects to see growth in second half of 2023
Revenues at Mincon rise as order backlog improves
Price increases boost profit margins at engineering group despite higher energy costs
Mincon says challenges in supply of raw material have eased
Irish engineering group experienced significant growth in first quarter of the year
Mincon grows revenue 11% despite supply chain issues
Operational issues included trans-ocean freight transit times roughly doubling
Irish engineer Mincon grew revenue 6% in first nine months
Delivery delays continue due to increased sea freight transit times, company says
Former Eircom finance director Peter Lynch dies aged 63
The one-time stockbroker from Belfast was considered dynamic and gregarious
Profit down 7% at Mincon as Shannon operations severely hit
The engineering company said the first of the year was impacted by the Covid-19 pandemic
Revenue at Irish engineer Mincon ahead of last year
Group says sea freight lead times ‘remain challenging’ due to pandemic
Strong year for Mincon as revenues, profits advance
Despite ‘challenging’ year Irish engineering group performs strongly
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