British boost to Pierce profits

PROFITS at construction and civil engineering group Pierse shot up €3.5 million to €12.5 million in the year to April.

Accounts for Birmayne Limited, the group’s holding company, show turnover grew almost 25% on the previous year to €364 million. The improved bottom line allowed the company to bounce back after profits fell from €11.8 million to €8.9 million the previous year.

Revenues from Ireland grew by 15% to €294 million, but the company’s revenue stream from British projects almost doubled to €71 million. Britain now accounts for 20% of group turnover, up from 13% the previous year.