Office sector demand helps BAM revenues rise to €306m

Construction firm BAM Ireland recorded a 22% rise in profits last year as a number of big domestic and international projects, allied with improving demand in the office sector, pushed pre-tax profit to €7.5m.

Revenues at BAM — formerly known as Ascon — also rose in the year, climbing 31% from €234m to €306m.

The group’s results, released yesterday, also show the company has a healthy cash balance and no bank debt, while BAM chief executive, Theo Cullinane attributed the company’s strong set of results to improving private demand.