Civil engineering firm sees pre-tax profits fall by 8% last year in spite of revenue increase

PRE-tax profits at one of the west of Ireland’s largest civil engineering firms decreased by 8% in 2009 to €641,782 in spite of an increase in revenues.

The Co Mayo-based Wills Bros Ltd was one of the firms involved in constructing the controversial M3 motorway project and more recently completed the €207 million phase of the Atlantic Corridor, by-passing Gort and Crusheen in a joint venture project with SIAC Construction.

The figures show that the company’s revenues in the 12 months to the end of last December increased by 58% from €54.6m to €86.7m. However, the 2008 revenues represented only a period of eight months.