Financial Performance

Download a copy of the 2006 Annual Report and Accounts

TURNOVER
2006: €310 million
2005: €219m

Turnover increased by €91m or 42% year on year. This reflects the ongoing development of our contracting division, the continued expansion of our own property development activities, our increased involvement in the area of Public Private Partnerships and our continuing Joint Venture activities

GROSS MARGIN
2006: 7.7%
2005: 7.7%

Gross Margin has remained constant year on year at 7.7%. With contracting margins becoming increasingly competitive this demonstrates our continued focus on cost control and the contribution of our property development activities.

NET PROFIT BEFORE TAX
2006: €11.33m
2005: €8.26m
Net Profit before Tax increased by €3.0m to €11.3m or 36% year on year. Once again we have managed to maintain continued growth in profitability yet stable % margins.

NET ASSETS
2006: €38.5m
2005: €28.94m

Net Assets increased by €9.1m to €38.5m. Strong profitability over the past number of years, together with a policy of strengthening our Balance Sheet through retention of profits, places us in a strong position to continue to expand in the years ahead

KEY PERFORMANCE INDICATORS
Interest cover: EBITDA basis: 14.2 times
Gearing Ratio (Total Debt/Total Assets): 35.4%
Return on Average Capital Employed: 34.6%