The firm which imports Jaguar and Saab cars into Ireland drove into the red last year, as a sharp fall in revenues forced it to lay off staff and cut costs.
Armalou, which also sells Volvo and Land Rover vehicles through the Spirit Motor Group, made a €2.1million operating loss in 2008, compared with a profit of €6.5 million in 2007. It had sales of €139.3 million last year, down from€180.9 million in 2007.
Armalou is...
Subscribe from just €1 for the first month!
Exclusive offers:
All Digital Access + eReader
Trial
€1
Unlimited Access for 1 Month
Then €19.99 a month after the offer period.
Annual
€200
€149 For the 1st Year
Unlimited Access for 1 Year
Team Pass
Get a Business Account for you and your team