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Co Antrim firm Creagh concrete's profits soar by 40%

By John Mulgrew

Published 16/06/2016

Creagh Concrete managing director Seamus McKeague
Creagh Concrete managing director Seamus McKeague

A Co Antrim family concrete firm has increased its pre-tax profits to £4.4m, just two years after suffering losses.

Creagh Concrete, which is based in Toomebridge and run by managing director Seamus McKeague, saw profits before tax rise by more than 40%, increasing from £3.1m to £4.4m in 2016.

The latest accounts for Creagh Concrete Products Ltd for the year to March 2016, also show turnover was up from £56.6m in 2015, to £69.8m a year later.

The company, which was set up in 1976, makes concrete products, sold right across the UK.

In its strategic report, the firm says the "level of business during the year and the year end financial position have continued to improve as the company continues to build on profitability".

According to the accounts, Creagh employs 486 staff. That number is up from 430.

The total remuneration for the firm's directors also rose from £614,863 in 2015 to £801,329 during the latest set of accounts.

The highest paid director received £108,750.

Earlier this year the company said it was creating at 30 new jobs in Scotland, where it won a contract worth £27m.

The deal is to supply containers for storing low-grade waste from the decommissioning of Dounreay Nuclear Power Station.

Belfast Telegraph

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