Business

Builder John Graham gains tumble as revenues increase

Builder John Graham profits fall as revenues rise
Builder John Graham gains tumble as revenues increase

Accounts submitted by John Graham Holdings Ltd to Businesses Property clearly show gains fell to £8.18m (€9.1m) as revenues fell by over 4% to £735m in the 12 months to March.

The directors point out the each and every division in the team continued to be rewarding. It utilized 2,160 men and women at a cost of £109m, though directors’ pay out was unchanged at £2m, with pay back to the maximum paid director growing from £506,000 to £524,000.

The group compensated out dividends of €2.65m in the yr and £6m in the earlier year. In their business critique, the directors say the financial 12 months “saw a period of stabilisation right after a variety of a long time of significant growth”.

“Despite the challenging market circumstances confronted by lots of of our competition, the directors are happy to report that each individual division inside of the team has remained worthwhile,” the administrators stated. “Each division within just the team is in a powerful posture with history buy guides and a pipeline of opportunity that is solid in equally quantity and excellent.”

The team has worked on Belfast’s Grand Central Resort and the maternity unit at the Royal Victoria Medical center. Its balance sheet was even further strengthened with accumulated earnings growing from £57.4m to £61.6m. The group’s funds declined from £70.1m to £62.9m.

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