Turnover at the British division of Ballymore Properties, the company owned by developer Sean Mulryan, fell 50 per cent last year to stg£83.1 million (€118 million).
Pre-tax profits, however, increased by more than 20 per cent to stg£22.3 million (€32.5 million) during the year to March 31, 2005, according to accounts filed at Companies House in Britain.
Retained profits at Ballymore Properties now stand at €79.2 million, up from €53.7 million the previous year. The amount of...
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