Turnover tops £1bn at support services firm as 2006 starts with big contract wins.
Amey has increased profit by 116% to £52m. The support services firm also saw a 25% rise in turnover to £1.2bn.
The results were boosted by Amey's purchase of Jarvis's 33.3% stake in the Tube Lines underground rail business, which was part funded by Amey's Spanish parent Ferrovial. The company also bought Jarvis LUL, which provides services to Tube Lines under a secondment agreement.
Mel Ewell, chief executive, said: "This has been a strong year for Amey in which we have seen significant improvement in our mainstream business activities while other areas of the business have shown impressive development and innovation. Our success is built on consistently excellent service provision to our customers."
So far in 2006 Amey signed facilities management contracts with Belfast City Airport and its first ‘Building Schools for the Future' partnership with Bradford Council.
It is currently bidding for two Scottish schools projects, one schools project in Northern Ireland, two "Building Schools for the Future" projects and two major roads projects. One of these is for the widening of the M25 London orbital, which is a project valued at over £4 billion.
Amey's order book stood at £5bn.
