Engineering and design consultant's interim results show 10% rise in profit
Scott Wilson Group has posted strong interim results for the period ending 26 October 2008, with revenue up 17.8% compared with the same period in 2007.
The multidisciplinary international design and engineering consultant said that the rise in revenue shows “strong organic growth and confident outlook”.
Adjusted operating profits at the UK-based firm were up 10% since 2007, from £11m to £12m.
Diluted earnings per share stood at 10.1p per share, up 4.1% from 9.7p a year earlier.
Meanwhile, costs at the Basingstoke-headquartered firm rose 29% from £86m a year earlier to £111m.
Chairman Geoff French said that acquisitions - of Strategic Leisure, Terence Lee Partnership and Benaim Enterprise (Holdings) - have increased the firm's capability in the metro and strategic leisure markets.
Scott Wilson said that the outlook for the firm is good for the long term, if challenging in the medium term.