Taggart Holdings reports profits of €12.3m

PROPERTY developer Taggart Holdings has reported an operating profit of €12.3 million for 2003.

Pre-tax level profits at the Northern Ireland firm were €10.8 million for the 14 months to end December 2003, with pre-tax profits in the Republic amounting to €3.3 million.

Turnover for the period doubled to €46 million. Michael Taggart, chief executive of the company, said the strong revenue growth achieved in both of the group’s main markets, Northern Ireland and the Republic, reflected the buoyancy of the housing markets in each area.