Half-year results see all of global architecture practice鈥檚 regions return profit
Architecture practice Aukett Fitzroy Robinson (AFR) has returned to a pre-tax profit for the first time in over three years.
All of the firm鈥檚 geographical regions returned a profit during the six months to 31 March 2012, helping the firm achieve a pre-tax profit overall of 拢173,000.
The last time the practice returned a profit was in the full financial year to 30 September 2008, when it reported a profit of 拢2.5m.
The practice has suffered three loss-making years since then, while revenue dived two thirds from 拢22.6m in 2008 to 拢7.9m in 2010, before recovering slightly to 拢9.2m in 2011.
AFR鈥檚 revenue grew 81% to 拢5.4m for the first half to 31 March 2012, up from 拢3m for the same period the previous year.
AFR鈥檚 UK division reported revenue of 拢2.7m for the period - up 15% on the previous year - and a pre-tax profit of 拢21,000 for the period.
The practice鈥檚 Russian business grew five-fold to 拢2.3m turnover and reported a pre-tax profit of 拢191,000. AFR鈥檚 Middle East division also reported a 拢37,000 pre-tax profit for the six month period.
AFR chief executive Nicholas Thompson said: 鈥淗aving returned the group to profitability our goal now is to maintain this position.鈥�
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