Natural Disasters hit Alps profits

2011-10-14 Alps ElectricTwo natural disasters helped push the Cork-based unit of manufacturer Alps Electronics into the red last year.

The Japanese manufacturer employs nearly 500 people at its Millstreet plant and accounts show that the firm recorded a pre-tax loss of €90,895 in the 12 months to the end of Mar 31 this year. This followed the firm recording a pre-tax profit of €988,923 in 2011.

The directors’ report cites the Japanese earthquake in Mar 2011 and … read the full story in the Irish Examiner (Dec 18th 2012)

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