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WH Ireland reports loss amid restructure

News Team, 31/07/2019

WH Ireland’s revenues decreased by 13 percent from £27.312 million in 2018 to £23.68 million for the financial year ended 31 March 2019.

Partially due to this, the group reported overall losses of £11.3 million, a 277 percent increase from the £3.0 million reported a year earlier. The firm cited reduced revenues, one off costs and increased exceptional items as the reason for this.

These exceptional item costs increased to £4.1 million from £2.5 million and included an impairment charge of £2.6 million.

WH Ireland also reported a slight increase in cash, from £7.3 million to £7.7 million at 31 March...


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