PM Group reports turnover up 5.5%

IRISH engineering services and project management company PM Group shrugged off the effects of the economic crisis last year by posting a 5.5% rise in turnover and a marginal increase in annual pre-tax profits to €8.17 million, up from €7.9m in the previous year.

The Dublin and Cork-based business, whose turnover rose to €266.3m last year (up from €252.4m), attributed its success in 2009 to its strong presence in overseas markets — including Western Europe, Asia, North Africa and the Middle East — where it enjoyed a strong order book, rather than its Irish operations.

However, the bulk of the design work on these orders was carried out in its home-based operations, thus supporting its employment levels here.