TILBURY DOUGLAS chairman Mike Bottjer said more than two-thirds of operating profit in the group now comes from support services, a figure that will rise when figures for recently acquired industrial services business Bandt are included.
Bottjer said he was confident about the firm’s prospects after it raised pre-tax profit 25% to £13.2m for the six months to 30 June 1999. Turnover rose 28% to £341m.
The construction services division raised operating profit 6% to £3.7m on a slightly lower turnover of £176.6m.
Operating profit in facilities services increased from £200 000 to £900 000 on a turnover that rose from £4.9m to £26.6m. Equipment services margins went up 19%.
The division turned over an operating profit of £6.2m. The group’s Scottish housebuilding reported a 33% rise in operating profit to £1.2m on a turnover of £9.6m.
