P Elliott profits dropped from €13.7 million to €7.6 million last year
Profits at P Elliott, one of the biggest building and development firms in the country, dropped sharply to €7.6 million last year, writes Gavin Daly.
The company’s profits were down from €13.7 million in 2007,which was a record year for the firm. Turnover was down slightly to €293.5million last year, from €303 million in 2007.
The shareholders in the company, which is owned by members of the Elliott family, were paid an interim dividend of €286,000 for the year, but no final dividend was paid.
At the end of last year, P Elliott had accumulated profits of €48.3...
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