Monday July 6, 2020

Waterford Wedgwood reeling from €241m loss

Waterford Wedgwood reported heavy losses for 2008 on Friday and, unsurprisingly, wants to focus on its plans to turn around in the coming years.

2nd August, 2008

Waterford Wedgwood reported heavy losses for 2008 on Friday and, unsurprisingly, wants to focus on its plans to turn around in the coming years.

The company had a loss before tax of €241 million after exceptionals and admits that suggestions that the company had turned a corner last year were premature.

Chief financial officer Anthony Jones, who joined the company in November 2007, said there were ‘‘significant operational and financial issues’’ at the company which needed...

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