Belfast-headquartered contractor Gilbert-Ash Restricted noticed its turnover for the yr to 31st December 2024 decline via 10% to £235.7m (2023: 262.8m) however pre-tax earnings greater than doubled to £4.6m.
It used to be a welcome go back to learn expansion after a number of years of disappearing earnings – from £12.0m earlier than tax in 2021, to £4.2m in 2022, to £1.9m in 2023.
“Income are in step with expectancies and mirror the continuing exhausting paintings and resilience of our other people,” mentioned managing director Ray Hutchinson in the newest annual record.
“Gilbert-Ash Restricted continues to construct a portfolio of a hit development tasks throughout a rising vary of sectors, together with schooling, arts and tradition, motels and recreational, and place of work, with plenty of extremely prestigious challenge wins and completions succeed in in 2024.”
Meantime dividends of £2.7m have been paid out of the industry (2023: £232,000).
All through the yr the corporate used to be bought to an worker possession believe, representing the 187 personnel. [See previous report here]
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