Pre-tax profits at Dublin building company, Dwyer Nolan Developments last year tumbled by 78pc to €2.8m.
Accounts show that Dwyer Nolan Developments Ltd recorded the €10.1m drop in pre-tax profit after revenues declined by 15pc from €29.76m to €25.32m in the 12 months to the end of May last. The directors state that the results for the year and the financial position at the year end were satisfactory. The directors said that they expect to see continued growth in future years as a result of the improved economic climate.
The directors said that the company continued to operate during the Covid-19 crisis “albeit at reduced capacity”. Edward O’Dwyer and Ann O’Dwyer state that they expect that management can meet the risk presented by Covid-19 in 2021.