Belfast Telegraph

Graham's pre-tax profits leap by 30% to £7.4million

By Staff Reporter

Pre-tax profits at Northern Ireland building and engineering group John Graham Holdings leaped by 30% to £7.43m last year.

Revenues at the company rose by 17% to £490m in the 12 months to the end of March 2015.

Numbers employed by the group last year increased from 1,532 to 1,645.

The directors said they deemed the results "satisfactory". They added in a report: "Overall, our group businesses continue to deliver robust performances in what remains a challenging market.

"Our three main businesses provide us with a well-balanced services offering within the group and are underpinned by a healthy forward order book."

The group's business is split between construction, asset management and investment.

The directors said that, in the construction section of the business, "our spread of delivery capability across a broad range of sectors, the consolidation of our increased geographical footprint and our continued focus on operational efficiency leave us well positioned to capitalise on opportunities that come our way."

Revenues from construction totalled £428m.

The group's shareholder funds at the end of last March totalled £42.9m, and the company's cash during the year almost doubled from £17.52m to £31.94m.

John Graham Holdings achieved the increase in revenues despite revenues in the Republic declining from £5.4m to £1.6m.

Like many Northern Ireland firms, John Graham Holdings has sought work in Great Britain to make up for the slowdown in construction at home. The company has built student accommodation in Salford near Manchester and a facility at the port of Immingham for Associated British Ports.

Belfast Telegraph