Contractor reports £4.5m profit boosted by growth in civil engineering schemes
Contractors Dean and Dyball's profits rose by 17% to £4.5m in the year ending 30 September 2007. A growth in civil engineering projects was a significant factor in boosting the company’s profits.
The firm also registered a 5% rise in turnover. Its revenue for 2007 stood at £262m, up from £248m in the previous year.
Chief executive Adrian Dyball, said: “These figures confirm that the company’s main objective for the year, of consolidating the previous year’s growth and improving profitability, has been achieved.
“Looking forward, workload remains strong and we are confident of further increases in turnover and profit across the business with turnover budgeted in excess of £300m for the year ahead.”
Reservoirs, pumping stations and sewage treatment works for Thames, Southern, South West, Portsmouth and Wessex Water were among the company’s projects in 2007.