Arup has reported a 69% rise in pre-tax profit and said it is in a 鈥渟trong position鈥� to weather the economic crisis.

The firm鈥檚 profit for the year to 31 March 2008 was 拢81m, compared with 拢48m the previous year. Turnover was up 27% from 拢572m to 拢726m.

It has cash reserves of more than 拢100m, up 54% on last year.

The UK accounted for almost half of the group鈥檚 turnover. Sales were 拢343m, compared with 拢275m last year.

Chairman Terry Hill said there were 鈥渟igns of weakness鈥� in some of the firm鈥檚 markets and in the US, turnover fell 20% from 拢76m to 拢61m in 2007.

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