{"id":549540,"date":"2026-07-14T17:16:08","date_gmt":"2026-07-14T17:16:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/549540\/"},"modified":"2026-07-14T17:16:08","modified_gmt":"2026-07-14T17:16:08","slug":"two-directors-at-irish-property-developer-share-e10m-payout-the-irish-times","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/549540\/","title":{"rendered":"Two directors at Irish property developer share \u20ac10m payout \u2013 The Irish Times"},"content":{"rendered":"<p class=\"c-paragraph paywall \">Two directors at property group <a href=\"https:\/\/www.irishtimes.com\/tags\/dwyer-nolan\/\" target=\"_self\" rel=\"nofollow noopener\" title=\"https:\/\/www.irishtimes.com\/tags\/dwyer-nolan\/\">DwyerNolan<\/a> Developments last year shared pay of \u20ac10.2 million, new filings show.<\/p>\n<p class=\"c-paragraph paywall \">Accounts for the south Dublin construction group show that the two directors shared the bumper payout as pretax profits at Dwyer Nolan Developments Ltd increased more than 10 fold to \u20ac42.4 million.<\/p>\n<p class=\"c-paragraph paywall \">Consolidated accounts filed by the company show that the group\u2019s pretax profit increased from \u20ac4.04 million to \u20ac42.4 million as revenues increased from \u20ac38.6 million to \u20ac241.3 million. <\/p>\n<p class=\"c-paragraph paywall \">Edward and Ann O\u2019Dwyer are the joint owners of the business. <\/p>\n<p class=\"c-paragraph paywall \">DwyerNolan was established in 1971 and has developed and directly constructed more than 9,500 residential units in Dublin and surrounding counties.<\/p>\n<p class=\"c-paragraph b-it-article-body__interstitial-link\">[\u00a0<a aria-label=\"Open related story\" class=\"c-link\" href=\"https:\/\/www.irishtimes.com\/life-and-style\/homes-and-property\/developer-dwyer-nolan-tees-up-130-unit-santry-scheme-for-another-pre-build-sale-1.3767940\" rel=\"noreferrer nofollow noopener\" target=\"_blank\">Developer Dwyer Nolan tees up 130-unit Santry scheme for another pre-build saleOpens in new window<\/a>\u00a0]<\/p>\n<p class=\"c-paragraph paywall \">Directors\u2019 pay of \u20ac10.2 million for last year compared with remuneration of \u20ac232,000 for 2024. No dividends were paid in respect of last year. <\/p>\n<p class=\"c-paragraph paywall \">The company employs 20 people, with salary costs, including directors\u2019 pay, last year totalling \u20ac12.8 million compared to \u20ac1.96 million in 2024.<\/p>\n<p class=\"c-paragraph paywall \">Six members of the O\u2019Dwyer family are on the board with Edwin O\u2019Dwyer, William O\u2019Dwyer, Keith O\u2019Dwyer and Aidan O\u2019Dwyer, sitting alongside the joint owners.<\/p>\n<p class=\"c-paragraph paywall \">In their report, the directors state that \u201cthe result for the year and the financial position at the year-end were considered satisfactory\u201d.<\/p>\n<p class=\"c-paragraph paywall \">The directors state that the group continues to focus on the delivery of high-quality, large-scale apartment developments. <\/p>\n<p class=\"c-paragraph paywall \">The directors\u2019 report for 2024 had flagged the 2025 upsurge in profits and revenues when they stated that sales of developments agreed in 2023 were to be delivered in 2025. <\/p>\n<p class=\"c-paragraph paywall \">The property group recorded a post-tax profit of \u20ac36.8 million after incurring a corporation tax charge of \u20ac5.6 million.<\/p>\n<p class=\"c-paragraph paywall \">At the end of December, the group was sitting on accumulated profits of \u20ac216.3 million. Cash funds increased from \u20ac12 million to \u20ac85.3 million.<\/p>\n","protected":false},"excerpt":{"rendered":"Two directors at property group DwyerNolan Developments last year shared pay of \u20ac10.2 million, new filings show. Accounts&hellip;\n","protected":false},"author":2,"featured_media":549541,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[72,232835,61,60],"class_list":["post-549540","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-dwyer-nolan","tag-ie","tag-ireland"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/549540","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=549540"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/549540\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/549541"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=549540"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=549540"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=549540"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}