Northern Ireland

H&J Martin Holdings reports pre-tax profit of £1.2m

Belfast-based construction firm H&J Martin Holdings has reported pre-tax profits of £1.2m for 2010 on a turnover of £92m.

Turnover is up from £87m in 2009, though profits have slipped back from £1.8m

The directors said they considered the results to be satisfactory and expect a similar performance in 2011.

The results come against the backdrop of a continuing recession in the Northern Ireland construction sector.

H&J Martin, which was founded in 1839, is one of Ireland's oldest building firms.

In recent years it has developed a significant business in Public Private Partnership contracts.

In a joint venture with two other Northern Ireland firms, Farrans and Patton's, the company is working on a £60m contract to design and build five schools in the Western Isles in Scotland.

Last year the firm employed 337 people compared to 281 the year before.