Sunday February 23, 2020

Tom Lyons on Business

Mulryan’s Ballymore makes massive pre-tax profits in Britain

31st December, 2017
Sean Mulryan, chairman and chief executive of Ballymore group: made pre-tax profits of £518 million in Britain Pic: Fergal Phillips

Almost a decade since the crash, Roscommon-born developer Sean Mulryan’s Ballymore Properties has notched up whopping pre-tax profits of £518 million in its British arm. The gains follow upward revaluations of various investment properties, strong sales and other factors.

Turnover in Ballymore Limited and subsidiaries jumped 25 per cent to £692.7 million to the end of March with the company recording a gross profit of £122.9 million.

The return to fortune of Mulryan marks...

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