Monday July 6, 2020

Construction downturn hits profits at McMahon Group

The McMahon Group, one of the country’s largest builders’ providers and timber importers, h as recorded a 40 per cent slump in profits because of the slowdown in the building sector.

1st November, 2008

The McMahon Group, one of the country’s largest builders’ providers and timber importers, h as recorded a 40 per cent slump in profits because of the slowdown in the building sector.

The Limerick firm made a pre-tax profit of €10.2 million in 2007,d own from €17.5 million the year before, according to newly-filed accounts. The 2007 profit was boosted by a one-off profit of €9.8 million from the sale of investment property. Turnover...

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