Contractor involved in building data centres sees profit after tax jump by 81% to €70.8m
Jones Engineeringand facilities for the life sciences sector, saw its profit after tax jump by 81 per cent to €70.8 million last year, up from €39 million the previous year.
While this was marginally down on the previous year, the accounts show the company’s profit margin increased to 8 per cent , delivering a higher level of profitability.Was Derek Quinlan punished for having an astute businesswoman for a wife? Looks like itThe company also said it expected turnover to exceed €1.2 billion this year on the back of a strong pipeline of new work. It said it had hired an additional 500 staff in 2023 to deal with the increased workload.
“In response to this growth, we have welcomed over 500 new employees to our team this year, strengthening our capabilities to meet increasing client demands and expand our project pipeline well into 2025 and beyond. While Jones Engineering continues to lead domestically, the primary growth driver has been our international markets, which saw significant expansion in 2023.”
Cathexis is a multi-strategy holding company based in Houston, Texas, with investments ranging from property and energy to private equity. Cathexis is the family office of the firm’s billionaire chief executive, William Harrison.
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