Owned by the Royal Bam Group in Holland, BAM Ireland has long been one of the biggest – and most profitable – construction firms operating in the state. In 2017, it made a pre-tax profit of €16.1 million. In 2018, the figure was €13.8 million, while it made €17.2 million in 2019. Last year, however, the firm slumped to a pre-tax loss of €16.7 million. Revenues, meanwhile, fell from €558 million in 2019 to €460 million in 2020, a decrease of 17.5 per cent. What prompted the reversal in fortunes? According to the company, there are two reasons: Covid and…

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