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Limerick timber tycoons pre-tax profits drop by half in 2022

PRE-TAX profits at a group owned by Limerick timber tycoons the McMahon family last year more than halved to €13.38million.

Profits surge at Limerick s McMahon Builders Providers following land disposal

Profits surge at Limerick s McMahon Builders Providers following land disposal The Limerick-based business, which operates 14 building supply outlets across Ireland, reported profits after tax of €55.3m in 2019 McMahon s was established in 1830 and is focused mainly on construction, property development and investment. Picture: iStock Thu, 20 May, 2021 - 14:36 Alan Healy Profits at building merchant Derevoya Holdings, owned by the McMahon family, surged in 2019 new accounts show. property development and construction company Derevoya which also operate the McMahons Builders Providers business network The Limerick-based property development and construction company, which also operate the McMahons Builders Providers business network reported profits after tax of €55.3m in 2019 in the most recent accounts published. The firm operates 14 building supply outlets across Ireland and manufactures steel reinforcing products.

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