Profits rise for transport firm Ballyvesey Holdings
One of Northern Ireland's largest transport businesses has reported a big rise in annual profits.
Ballyvesey Holdings - owner of Montgomery Transport - made a pre-tax profit of £5.5m in 2010, compared to a £1.4m profit in 2009.
Turnover was up just slightly from £269m to £272m. The rise in profits has been put down to increased efficiency.
However, its directors have said the business environment remains "extremely challenging".
They said a key risk is the ability of the banks to provide funding to their customers.
Ballyvesey Holdings' other businesses include vehicle sales and rentals, construction equipment maintenance and a Polish recruitment firm.
The firm is based in Newtownabbey and led by founder Harold Montgomery.