CONSTRUCTION group Robertson has reported a modest rise in pre-tax profits from continuing operations.
The annual report and accounts lodged with Companies House to March 31, 2019 showed profits down when earnings from its discontinued operations in the prior financial year are taken into account.
Bill Robertson said in the chairman’s statement: “The group has had a good year, meeting the challenges within the marketplace and adapting our strategy to meet these challenges.
“The success is due to our clearly defined regional business model and a continued focus on project selection and the local supply chain.”
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It said in relation to core activities turnover was up 17% to £713.4m with profit before tax of £21.3m, up on continuing operations at £19.3m last year.
It listed £11.8m under discontinued operations for the previous year. Discontinued operations earnings were £143,584 in 2018.
It said: “Notable projects over the past year included the launch of The Macallan Distillery and Visitor Experience, the handover of the totally restored Spanish City in Whitley Bay, the completion of Orkney’s new Balfour Hospital and final works to complete The Events Complex Aberdeen (TECA).
“With a combined project value over £500m these projects and many more put Robertson in a strong position to ensure a sustainable future for ourselves, our business partners, and communities we serve.”
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It increased its number of employees from 2,295 to 2,640 during the year.
Mr Robertson said: “With the current secured order book we are confidently expecting the coming year to be another successful one.”
Its Macallan distillery and visitor experience in Speyside was crowned Building of the Year by the Institute of Civil Engineers.
Founded as a joinery firm in Elgin in 1966, it is now one of the largest family-run UK construction companies.
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