Interim pre-tax profit show 26% improvement on last year
ROK Property Solutions posted a pre-tax profit of £4.3m for the six months to 30 June 2004, an improvement of 26% on last year’s figure. Turnover increased by 24% to £213.5m and construction operating margins edged up to 2.0%.
The contractor said it had over £600m of long-term framework agreements in place and stated that the northern Ballast offices it bought for £2.1m last year were now making a contribution to Rok’s results.
Chairman Bob Carlton-Porter said: “Our progress demonstrates the effectiveness of the Rok business model and our emphasis on a service culture, which has been brought to bear on traditional develop, build and maintain activities.”
"With an increasing number of long-term framework agreements being established, and continuing high levels of demand in all our principal activity areas, I am confident of reporting a successful outcome for the year as a whole and of continuing growth thereafter."
Last month Rok purchased construction arm of Glasgow-based John Dickie Group for £750,000 to extend its coverage into Scotland.