Friday December 13, 2019

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.

2nd April, 2014
Mincon is concentrating more on developing its own products rather than selling those of other manufacturers.

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.

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