First Active chairman heralds 'positive' outlook

First Active chairman, Mr John Callaghan, said prospects for the company are "positive".

It is "a strong business focused on providing a range of value-added products at competitive prices", he told shareholders at the company’s AGM in Dublin this morning.

He said: "We continue to move away from products and service areas in which we have limited scale and which, consequently, are non-remunerative relative to the burden of administration involved".

Mr Callaghan said the changes the company has made in recent years to meet the demands of a competitive market have improved its efficiency and this will help it in the "more challenging circumstances ahead".

AFP