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Displaying items by tag: Profits Slump

#H&W - Harland and Wolff, Belfast faces a tough year ahead having failed to secure a "sufficient workload" as the latest accounts shows a big drop in profits for 2015.

The Belfast Telegraph writes that the firm generated operating profit of £1m for the year ending December 2015, according to the latest accounts for Harland & Wolff Heavy Industries Ltd.

That was down from £8.6m a year earlier, however, turnover rose to £66.7m from £55.2m.

It says the directors consider the "results for the year are reflective of the difficult market conditions".

For more click here

Published in Belfast Lough

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