Fermoy bypass firm Directroute returns to profit

The operators of the €295m Rathcormac-Fermoy bypass in Co Cork last year recorded operating profits of almost €145,000 per week.

Newly filed accounts for Directroute (Fermoy) Ltd show a marginal rise from €7.48m to €7.53m in operating profit last year. Revenues rose 2% to €16.75m.

The accounts also show the company returned to profitability on a pre-tax basis recording a profit of €6m after a pre-tax loss of €4.9m in 2015.