Property development firm Howard Holdings today said activities in Ireland will slow considerably in the short term but that its UK outlook remains positive.
The group, with offices in Dublin and Cork, posted a pretax loss of £0.592 million sterling for the year to end-April against profit £1.319 million previously.
Loss per share was 2.01 pence against earnings 3.77 pence.
Operating profit dropped to £0.441 million from £3.345 million.
It said the main reasons for this was that no development was completed in this financial year and its main property disposal - Oxford Road, Reading - did not complete until May.
It said it is continuing to examine the best way forward for the company, its shareholders and staff in the light of its stock market position and the general property market.
AFP