Pre-tax 2004 profits at McInerney up 43%

At ISEQ-listed construction company McInerney’s annual general meeting today, chairman Ned Sullivan said the group was happy to have recorded pre-tax profits for 2004 of €40.7m, an increase of 43% on 2003.

Earnings per share rose by 46% to 106.43c, with the total dividend increasing 65% to 18c per share.

Mr Sullivan said: “During the year, market and trading conditions remained strong across the Group’s three core regions of Ireland, the UK and Spain.

“In particular, our business benefited from continued buoyancy for affordable homes in both Ireland and the UK.”