Fermanagh steel firm sees turnover and profits drop
A Fermanagh steel-works company has seen its turnover drop by 20% due to the continuing downturn in the construction sector.
Fisher Engineering employs about 280 people making steel structures at its factory in Ballinamallard.
In 2010 turnover was £45m compared to £57m in 2009, while profits fell from £14m to £5m.
The firm is owned by the English firm Severfield-Rowen who bought it from the Fisher family in 2007.
The directors said that trading conditions had been "very difficult" throughout 2010.
They said this was due to "generally depressed" economic activity in the UK and a "significant downturn" in construction activity throughout Ireland.
However, they added that the company has a satisfactory order book and they remain confident that it will continue to deliver strong performances in the future.
Among the firm's projects in 2010 was the complex "Rose Bowl" building in Leeds city centre.
The building, commissioned by Leeds Metropolitan University, features a lecture theatre "pod" which sits half in and half out of an atrium.