O’Flynn Construction reports surge in operating profits to €31.3 million

CORK-based O’Flynn Construction has reported a surge in operating profits for 2003. The company, which paid €41 million for the former army barracks in Ballincollig, made operating profits of €31.3 million in 2003, up nearly €10 million on the previous year.

Turnover for the year increased to €89.9m from €74.5m, according to accounts just filed at the Companies Registration Office.

O’Flynn did not give a breakdown of how its derives the turnover, but said its is involved in building, property development and property investment.