Eurocell reported a fall in profits as it struggled to cope with a surge in demand that impacted its manufacturing operations and led to increased costs.
For 12 months ended 31 December, reported profit before tax fell 7% to 22.1m and revenue was up 13% to 253.7m.
Adjusted earnings (EBITDA) fell 4% to 30.3m for the year.
The company said it had already taken action with investments in progress to expand production capacity and improve manufacturing efficiency.
`Looking ahead, our focus for 2019 would be on completing these investments and on implementing selling price increases,; the company said.
`We have made a good start, with sales and margins for the first two months in line with expectations, and notwithstanding macroeconomic and political uncertainty, remain confident about the outlook for the year. `
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