John Paul Construction has reported operating profits of €8.9m on turnover of €369m for 2019 compared with profits of €9m on turnover of €301m the previous year.
Working nationwide and in diverse sectors, John Paul Construction completed a number of high-profile projects last year including projects for Regeneron in Limerick, Copley Street Student Accommodation in Cork.
It also finished facilities for Abbott in both Co Longford and Co Donegal as well as a number of major data centre projects.
In Dublin, John Paul Construction recently completed the new National Rehabilitation Hospital in Dún Laoghaire, the SCAPE Student Accommodation Scheme on Aungier Street and the Hard Rock Hotel on Parliament Street.
It also finished the final phase of the Shelbourne Hotel refurbishment and the Clancy Quay residential scheme.
The company’s managing director Liam Kenny said that 2019 was a successful year in which it grew its turnover by 20% and maintained profitability.
“We continue to maintain a prudent approach to our financial stability and began 2020 with a strong cash position and without bank debt obligations,” Mr Kenny said.
Liam Kenny said the underlying fundamentals of the business remain strong and despite Covid-19 related interruptions, it remains cautiously optimistic in the short to medium term on foot of its secured workload and opportunities pipeline.
“Although Covid-19 continues to pose significant challenges operationally we are confident that by following the best practice protocols developed within the industry and the advice of the HSE that we are doing everything possible to ensure the safety of our people and the communities in which we work,” he added.
Source: www.rte.ie
