Contractor reports 13% rise in pre-tax profit.
Contractor Rok has reported a 13% boost in profits for the first half of the year, hitting a record £6.1m.
Pre-tax profits for the group rose to £6.1m up from £5.4m in the same period last year. Turnover increased by 12% to £238.7m, up from £213.5m.
Chairman Stephen Pettit said: “'The Group has continued to grow turnover, profit and earnings per share whilst making significant investments in further land acquisitions to support Rokeagle's future profits, and after funding the up front costs of driving substantial growth in Rokforce.”
Revenue at Rok’s building and maintenance division fell 5%, after a number of high risk, low margin contracts inherited with the acquisition of Llewellyn in 2002 came to an end. Rok’s strategy is to focus on smaller, low risk, locally sourced work.