Revenues climb to €134m at McMahons Builder Providers

Strong performance allowed the business to pay a €1.24m dividend to its shareholders last year

The group’s cash funds increased from €18.9m to €19.36m. File picture

Pre-tax profits at the group owned by Limerick timber tycoons the McMahon family last year more than halved to €13.38m.

In new accounts filed by Derevoya Holdings Ltd and subsidiaries, they show the group that operates McMahons Builder Providers recorded the decline in pre-tax profits as revenues increased by 5.65pc from €127.4m to €134.62m.