Textile firm Lamont Holdings, which last month announced a £1 million joint venture fabric finishing company in Northern Ireland, made a £500,000 loss in the six months to June 2001.

According to company chairman Frank Cushnahan, the losses were due to the Group's ongoing restructuring options.

Of the businesses left in the Group, BFF Nonwovens continues to trade profitably, which Alexander Drew is benefiting from the closure of one of its main UK rivals said Mr Cushnahan.

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