Mincon shares fall as currency devaluation shrinks revenue
Shares in mining equipment manufacturer Mincon fell 3.8 per cent today as the Irish company revealed a 17 per cent fall in revenue for €52.34 million in 2013.
Shares in mining equipment manufacturer Mincon fell 3.8 per cent today as the Irish company revealed a 17 per cent fall in revenue for €52.34 million in 2013.
But the Shannon-based company’s full year results for the year said that demand for Mincon manufactured product remained stable and broadly in line with expectations for the year.
Profit before tax fell from €13.22 million in 2012 to €12.54 million in 2013, including exceptional items.