Pre-tax profits at data centre builder, Winthrop Technologies have this year increased almost six fold to €86.17 million.
New consolidated accounts for the Dublin headquartered Winthrop Technologies Ltd show the business achieved the sharp increase in profits as revenues topped €1 billion for the first time.
The group recorded post tax profits of €73.32 million after paying corporation tax of €12.84 million. The directors' report also state that the group has enjoyed further exceptional growth during the year"a testament to the continued timely delivery of high quality turnkey data centre projects for its pillar customers".
The directors state that revenues increased"primarily as a result of the increased volume and magnitude of projects in the turnkey data centre sector". The business is controlled by founder and majority shareholder, Barry English while former Ryanair deputy ceo and chief operating officer, Michael Cawley was appointed as a director in January 2022 and chairs the board.
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