Construction firm on course to make profit

THE firm that constructed the controversial €2.3 million home for the president of the University of Limerick (UL) is still on course to make a profit this year.

Director Alan McCarthy, of Brian McCarthy Contractors, was commenting yesterday on returns for 2009 which show the company’s pre-tax profits dropped by 87% from €1.1m to €145,886.

The fall in profits occurred after revenues at the Ennis-based firm decreased by 35% from €62.4m to €40m to the end of December last.