Profits at John Paul Construction treble
John Paul Construction trebled profits to more than €6 million last year on the back of growth in Ireland and the UK, according to its latest accounts show. Accounts filed by its parent John Paul Holdings Ltd show operating profit grew by 300% to €6.3 million last year, from €2.1 million in 2015.
Directors Eamon Booth and Conor O’Donnell said that turnover increased to €280 million in 2016, from €165 million the previous year. “The group continues to benefit from the improved market within which it operates, both in Ireland and the UK,” their report states.
“While margins remain competitive, based on current trends further growth is anticipated for 2017.”
Pretax profit more than trebled to €5.6 million from €1.7 million. John Paul Holdings paid €3.65 million in dividends to a holding company during the year.
Other big projects the company is working include extending Pepsi’s facilities in Carrigaline and Little Island, Co Cork and the Tamburlaine Hotel in Cambridge in southeast England for the O’Callaghan Hotel Group.
