Rathcormac-Fermoy bypass operator records profits of €140,000 per week

The operators of the €295m Rathcormac-Fermoy bypass in Co Cork last year recorded operating profits of over €140,000 per week.

Newly filed accounts for Directroute (Fermoy) Ltd show the firm increased its operating profits by 8% to €7.43m last year, with revenues rising by 3% to €16m. Pre-tax profits improved by 47%, to €1.5m. Last year’s profit reduced the company’s accumulated losses to €9.6m.

According to the directors’ report, within the set of accounts, “revenues increased in 2013 due to an increase in traffic.