Once-off costs put Ardagh in the red in Q2

Once-off costs put Ardagh in the red in Q2
Ardagh chairman Paul Coulson Pic: RollingNews.ie

Revenue flat but margins improve at Coulson packaging firm

Packaging company Ardagh, which is controlled by billionaire Paul Coulson, has reported a pre-tax loss of €17m for the second quarter of this year, compared with a €45m profit a year earlier. The figures were affected by exceptional costs linked to its acquisition of a number of metal beverage can assets earlier this year and to the refinancing of debt.

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