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Northern Ireland’s construction sector sees stagnant profits despite turnover growth, driven by inflation, delays, and funding uncertainty.
Northern Ireland’s construction sector faces stagnating profit margins, with only 15% of firms reporting improved profits despite 40% seeing turnover growth, prompting many to seek opportunities abroad.
Inflation and procurement delays are major challenges, while the Construction Employers Federation urges Stormont to approve a four-year capital budget by March 2026.
Meanwhile, McLaughlin & Harvey posted a 30% turnover drop but a 51% profit rise, aided by strong cash reserves and new contracts.
Reds10 and Higgins reported stable or improved performance, highlighting resilience through diversification and efficiency, while Story and Enerveo showed profit gains or loss stabilization amid restructuring.
El sector de la construcción de Irlanda del Norte registra ganancias estancadas a pesar del crecimiento del volumen de negocios, impulsado por la inflación, los retrasos y la incertidumbre de la financiación.