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News » UK » Margins take a dip at Graham » published 10 Jul 2017

Margins take a dip at Graham

John Graham Holdings has posted results showing strong growth in turnover but profits slightly down.

For the year to 31st March 2017 Graham turnover grew 11% to £565m but pre-tax profit dipped to £16m from £17m the year before.

Net profit margin of 2.8% for 2016/17 was down on the previous year’s 3.4%.

Michael Graham, executive chairman of the privately owned Northern Irish construction group, said:  “Overall these are another strong set of results with our group business units continuing to deliver robust performances despite the uncertainties that the current Brexit negotiations bring. Our core markets remain strong given the UK government’s infrastructure spend in civil engineering and a strong pipeline of opportunity in building, interior fit-out and facilities management. Our business units provide us with a well-balanced service offering within the group and all are underpinned by a healthy forward order book.

“Key projects include the £150m partnership with Barnet Council to enhance education, community, leisure and operational assets across the borough, the £100m Schools for the Future programme for Dumfries & Galloway Council and the recently completed £32m Chelmer Viaduct for Highways England. Our Asset Management business has continued to thrive, delivering services for universities, local authorities and the healthcare sector.  Interior Fit-Out have extended their client base in the retail, shopping centre and office markets, adding Next, Debenhams and KPMG.  

“None of this would be possible without the professional and committed contribution of our 2,000 strong workforce. Knowing that they are trusted and their efforts valued, creates a collaborative supportive culture that proactively works with all clients to help meet their infrastructure needs.”

 

 

MPU

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This article was published on 10 Jul 2017 (last updated on 10 Jul 2017).

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