Payments to Bowen bosses exceed profits

PAYMENTS of €1.8m to directors at Bowen Construction exceeded pre-tax profits, it emerged yesterday.

While pre-tax profits at Bowen Construction increased by 95% to €1.63m they still fell short of directors emoluments of €1.8m, results filed with the Companies Registration Office (CRO) reveal.

Bowen Construction one of the top constructions companies in the state is currently the main contractor on a €75m shopping centre element of the €500m Mahon Point development. The centre is expected to be open for business by the spring of 2005.