Northern Ireland

Graham Group reports fall in profits

Construction Image copyright Getty Images
Image caption The Graham Group is one of Northern Ireland's largest construction firms

One of Northern Ireland's largest construction firms has reported a fall in profits.

Pre-tax profits at the Graham Group fell to £8.2m for the year to the end of March, down from £13.1m the previous year. Turnover also decreased by 4% to £735m.

The civil engineering and fit-out firm employs more than 2,100 workers.

The company said it was well placed for 2020, with "strong levels of secured work and a forecast revenue of £875m".

"Our focussed approach to work winning has accounted for our current order book of £1.2bn together with a strong presence in multiple frameworks, which will help maintain the group's healthy balance between public and private work," said executive chairman Michael Graham.

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