Profits treble at leading Limerick timber group

Pre-tax profits at the group owned by Limerick timber tycoons, the McMahon family, last year almost trebled to €2.88m.

Newly-filed accounts for Derevoya Holdings — the holding company behind McMahon’s Builders Providers — also show revenues jumped by 19% to €66.44m.

“All the group’s activities are associated with the construction sector where there has been an improvement in growth levels during 2015 and continued growth experienced in 2016,” management said in the directors’ report section of the accounts.