Drop in revenues for firm which imports Jaguars

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.

31st October, 2009

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...

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