Graham Group reports fall in profits

Image source, 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 拢8.2m for the year to the end of March, down from 拢13.1m the previous year. Turnover also decreased by 4% to 拢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 拢875m".

"Our focussed approach to work winning has accounted for our current order book of 拢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.