PM profits surge to €9m

Operating profits at Irish project delivery company, PM Group surged by almost 25% to just shy of €9m with international markets and a number of strongly performing sectors domestically driving growth.

Pre-tax profits dipped from €9.7m to €8.8m as a result of an exceptional item of €2.13m arising from the restructuring of the company’s defined benefit scheme which inflated the figure in 2013.

The group’s turnover decreased from €355.49m to €349.45m in the year but its cost of sales dipped showed a greater decrease of €11.39m.