For the year ended 31st March 2017 Hitachi Construction Machinery (UK) reported turnover of £179m, up from £150m the previous year. Pre-tax profit reached £7.6m, up from £5.2m the year before.
However, profits were still well short of the £9.8m made in the year to March 2015, when turnover was £163m.
Chief executive John Jones described the year as “very exciting, with demand for construction equipment exceeding expectations”.
Writing in the company’s latest accounts, he said: “Increased demand for construction equipment across the UK has continued to defy market uncertainty surrounding the UK’s vote to leave the European Union and the migrant crisis affecting the European Union, with customer requirements high across all parts of the UK, especially the in the southeast region.”
Hitachi Construction Machinery (UK) produces excavators and dump trucks at its factory in Hebburn, South Tyneside.