Ballymore Properties builds profits to £22.3m

BUILDING tycoon Sean Mulryan has seen a further increase in profits at his Ballymore Properties company.

Accounts filed for Ballymore Properties in London show pre-tax profit in the year to end March 2005 increased to £22.3 million (€32.6 million) from £18.5m (€27m).

Mr Mulryan, whose company is named after the Wexford village where he grew up, is becoming one of the biggest property developers in Britain.