Contractor Carillion today reported a 39% rise in pre-tax profits
for 2007, following completion of its acquisition of Alfred McAlpine
last month.
Pre-tax profits were £94.4M on a revenue of £3.95bn, up from profits of £68.1M on a revenue of £3.5bn in 2006.
The
firm's construction profit margin increased by 0.4% on last year's
figures while their order book for 2008 remains steady at the same
figure as last year - £16bn.
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| GE19 bridge, part of the Balfour Beatty-Carillion joint venture East London Line project |
Carillion Chairman Philip Rogerson
said: "2007 was another strong year for Carillion. The Group delivered
record profits and continued its strategic development to support
sustainable profitable growth."
Rogerson added that he expected last month's £561M acquisition of Alfred McAlpine to further boost Carillion's growth.
"The
acquisition of Alfred McAlpine in February 2008 has further
strengthened Carillion's position as a leading support services and
integrated solutions business," he said.
"The Board expects the Group to make further strong progress in 2008 and deliver materially enhanced earnings in 2009."
Source : NCE
