Pre-tax profits at Bennett Construction fall 77% to €122k

Pre-tax profits at building firm Bennett Construction last year declined by 77% to €122,202.

Accounts just filed by Bennett (Construction) Ltd to the Companies Office show the firm’s pre-tax profits dropped from €543,910 to €122,202 in the 12 months to the end of Mar 31 last year.

The Mullingar-based firm’s revenues declined by 43% from €70.5m to €40.1m, although revenues from its overseas operations increased substantially as the firm responded to the downturn in construction in Ireland.