Irish property group Taggart Holdings has reported pre-tax profits of €25.2 million for 2006, an increase of 35 per cent on the previous year.
Turnover increased by nearly 136 per cent to €165 million.
Last year Taggart acquired English building company Cecil M Yuill for approximately €90 million. It also teamed up with Goodbody Private Clients to buy Northern Ireland property development company, Fraser Estates in excess of €150 million.
Director of Taggart Holdings Michael Taggart said both purchases were "already proving to be highly profitable".
He said the company was experiencing solid organic growth across all of our businesses in Ireland and the UK, "with particularly high demand in Northern Ireland contributing to our strong performance in that market".
In the Republic, the company commenced construction on the Rochford Manor Development, Trim, Co.Meath.
"Sales of the development were very strong with the first three phases selling out over one weekend," it said.