PM Group celebrates 40 years with 17% Increase in pre tax profits

PM Group, the Irish international engineering, project management and construction firm, today posted pre-tax profits of €8.1m for last year – a 17pc rise on the previous year.

Accounts just filed show that turnover in 2012 was E193m, a 10pc increase on 2011.

Operating profit before tax of €8.1m reflects a 17pc rise on the 2011 profit of €6.9m. The results represent a strong performance in markets such as Ireland, the UK, elsewhere in Western Europe and in Asia. There was a strong performance in a number of sectors, particularly pharmaceuticals, food, energy and mission-critical.

Earlier this year the Group, which is celebrating its 40th anniversary, announced the creation of 250 jobs across its global network as a result of increased work in hi-tech sectors, bringing the total number of personnel engaged by PM Group to over 2,000 for the first time.

“These strong results for 2012 coupled with a positive performance so far in 2013 shows that despite the difficult conditions in the construction industry generally there are opportunities in providing highly skilled services for project delivery in Ireland and internationally,” said Group CEO Dave Murphy.

“As we celebrate the 40th anniversary of the company’s foundation, we are looking to the future with confidence and we continue to focus on developing long-term global customer relationships in our core sectors supported by ongoing investment in growth locations.” Source: Business World