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Enneurope cuts losses

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THE EUROPEAN arm of aggregates group Ennstone has reduced its losses at its Poland base.

Enneurope, now fully owned by Ennstone, last week unveiled pre-tax losses of £1.16 million for the 15-month period to December 31, 2004, down on losses of £1.62 million in the previous accounting period.

Turnover rocketed to £1.74 million during the period, up more than £1.26 million on the previous figures.

Unveiling the firm's results, chairman Vaughan McLeod said non-executive director Tim Ross had stepped down from the board and would be replaced by Andy Cutter.

Mr McLeod said: 'We are pleased with the progress made.'