Pretax profits trebled at John Paul Construction last year

Building group’s turnover grew 63 per cent to €165m in 2015, from €101.4m in 2014

John Paul Construction’s turnover included a €4 million share from a joint venture. Photograph: Alan Betson
John Paul Construction’s turnover included a €4 million share from a joint venture. Photograph: Alan Betson

Profits at building and engineering group John Paul Construction more than trebled last year to €1.7 million, according to the latest figures.

Accounts just filed by John Paul Holdings show that group turnover grew 63 per cent to €165 million in 2015, from €101.4 million the previous year.

Operations generated a return of €2.1 million while pretax profits grew to €1.7 million last year, from €497,000 in 2014.

Rental income

The company’s turnover included a €4 million share from a joint venture. Group turnover of €160.8 million included a €1 million contribution from rental income.

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John Paul Construction is working on Dublin's high-capacity data centre.

In London, it is working on the conversion of Valentines House in Ilford from offices to apartments for Development Securities.

Barry O'Halloran

Barry O'Halloran

Barry O’Halloran covers energy, construction, insolvency, and gaming and betting, among other areas