The parent company of a major fit-out business has reported a pre-tax loss of £6m despite a growth in sales to £162m.
The slump at Mac-Group Holdings from pre-tax profits of £3.4m in 2018 was mainly down to a loss on a project in Britain by Mac-Exteriors, a company report said.
It added that competitiveness was also increasing in the fit-out market.
Mac s projects over the last few years included the revamp of PwC s reception at Spencer Dock in Dublin, and work with PayPal, Microsoft, Ryanair and SAP.
Revenue for 2019 had soared by nearly 50% to £162m for the holding company, of which founder Paul McKenna is sole director, from £109m in 2018.
And the economist praises Infrastructure Minister Nichola Mallon for some of her decision-making during the year.
In September, the minister gave the green light for the North South Interconnector, which will create a new overhead electricity line to connect Northern Ireland and the Republic.
It s expected to improve security of supply on both sides of the border though it had also attracted opposition from residents. Mr Simpson also praises Health Minister Robin Swann and health workers for exceptional dedication . Holding the line against an aggressive pandemic, unequalled in our lifetime, has been a remarkable achievement. Many lives have been lost, some unnecessarily, but many more have been saved, Mr Simpson writes.