Farrans Construction remains profitable, according to its first accounts since owner CRH announced it was looking to sell the contractor.
Materials giant CRH said it was examining divesting of Farrans in December 2022 as part of a strategic review.
Farrans is part of Belfast-based Northstone (NI), which formerly included building materials manufacturer Northstone Materials and Cubis Industries, which makes access systems for the utility industry.
Newly released accounts for the year to 31 December 2023 show the business was restructured at the end of May 2023. Northstone Materials and Cubis Industries transferred to other legal entities, with Northstone (NI) now the immediate parent company of only Farrans.
CRH, which also owns Tarmac and Alun Griffiths, said in 2022 it was not looking to sell the other two Northstone entities.
The new trading results combine five months of activity for all three companies, prior to the restructure, an