Recent acquisitions boosts consultant’s revenue for year as order book hits £310m
Pre-tax profit at consultant White Young Green has jumped 18% to a record £11.1m for the year ended 30 June 2006. The group also increased revenue by 16% to £167.5m and said that its order book stood at a record £310m compared to £253m in 2005.
In a statement posted alongside its annual results, WYG said it had achieved a record level of revenue, profit, and earnings per share for the ninth year in a row.
White Young Green has made five acquisitions since July 2005. It acquired Doy Webster in November 2005, J C Warnock in February 2006, Farningham McCreadie and Tweeds in March 2006 and Nolan Ryan in June 2006. Together the acquisitions boosted revenue by £21m.
Chairman Peter Wood issued a bullish statement to the stock exchange this morning: "The outlook continues to be very positive and exciting. The recent acquisition activity and a continued focus on strong underlying organic growth, provides a firm foundation for enhanced incremental growth in the year ahead.”
The final dividend be increased by 12% to 4.6p per share. The market responded to the results by pushing shares 1.6% higher at 360p.
