€4m profits for SIAC

THE road building and civil engineering firm SIAC has reported flat profits of €4 million for 2003.

Accounts just filed at the Companies Registration Office show a profits decrease of just €16,000 on the previous year, despite a 17% dip in turnover to €178m.

The reduction in turnover was attributed to the completion of three civil engineering contracts for the M1 motorway midway through last year.