Siac says it will seek to claim €150m from Polish venture

The rescued Siac Construction Ltd intends to lodge fresh claims seeking €150m from its ill-fated Polish venture in the next number of months.

According to new accounts filed by Siac Construction Ltd the firm booked net exceptional gains of €41.6m from the examinership process that Siac exited earlier this year.

This contributed to a pre-tax profit of €45.12m in the 14 months to the end of February 26 and followed a pre-tax loss of €84.7m in 2012. Revenues fell from €112.77m to €45.29m.