Louth-based Suretank posts €10 million loss

The company made impairment charges of €7.3 million against its investments last year

Patrick Joy is the founder of Suretank

Suretank, the Louth-based manufacturer and one of the biggest indigenous Irish employers, made a €10 million loss before tax, recently filed accounts show.

The company, which employs 653 staff, made impairment charges of €7.3 million against its investments last year, according to the directors’ report.

Accounts for the year ending December 31, 2015 posted a €9.7 million loss. The year previous it made a €7.5 million profit.

Turnover for the company remained steady ...