Companies
SHS subsidiary on life support from parent firm as losses increase five-fold
SHS Sales and Marketing's liabilities topped €5 million in 2022
The sales and marketing subsidiary of the retail supplier SHS recorded a loss of €611,000 in 2022, new accounts show - despite a jump in revenues.
Turnover at the firm increased by almost 24 per cent, from €63.6 million in 2021 to €78.5 million in 2022, while its losses increased fivefold from €123,000 in the previous year.
Its liabilities now exceed €5 million.
There were no significant changes in the activities of the company during ...