Mulryan firms’ losses top €162m

Losses at several of Sean Mulryan’s Ballymore firms increased last year with accumulated losses at four subsidiaries topping €162m.

New accounts lodged by four of his construction firms show a worsening in three of the firm’s finances.

Figures lodged by Ballymore Developments Ltd show the firm recorded a pre-tax loss of €1.2m in the 12 months to the end of March last with the firm’s accumulated losses standing at €37.3m.