Graham construction group has continued its steady path of expansion with revenue ahead 11% to a record £565m.
Pre-tax profit in the year to March 2017 slipped back by £1m from last year’s high of £17m, while the main group delivered a net profit margin of 2.8%. Cash held by the business rose by nearly half to £67m.
John Graham Holdings’ workforce expanded to keep pace with growth to over 2,000 during the year.
Executive Chairman, Michael Graham said: “Overall these are another strong set of results with our group business units continuing to deliver robust performances despite the uncertainties that the current Brexit negotiations bring.
“Our core markets remain strong given the UK Government’s infrastructure spend in civil engineering and a strong pipeline of opportunity in building, interior fit-out and facilities management.
“Our business units provide us with a well-balanced service offering within the group and all are underpinned by a healthy forward order book.
“Key projects include the £150m partnership with Barnet Council to enhance education, community, leisure and operational assets across the Borough and the £100m Schools for the Future programme for Dumfries and Galloway Council.
“Our asset management business has continued to thrive, delivering services for universities, local authorities and the healthcare sector.”
The interior fit-out business extended its client base in the retail, shopping centre and office markets, adding Next, Debenhams and KPMG.
[Ref: constructionenquirer.com]
