Engineer claims its market has stabilised after it reports 拢38m profit for year up to 31 March 2012 鈥� up from 拢24.5m the year before

Engineer Arup Group has reported a 56% jump in pre-tax profit to 拢38m.

In accounts for the year to 31 March 2012, the firm reported a profit of 拢38.2m, up from 拢24.5m in the year before. Turnover at the firm also increased to 拢992m in 2012 from 拢966m in 2011.  

The performance was in line with the expectations of the directors.

In his introduction to the accounts, Martin Ansley-Young, company secretary at Arup, said: 鈥淒espite challenging economic conditions, the group鈥檚 market has stabilised.鈥�

Revenue from the UK was stable at 拢273m in 2012, up from 拢271m in 2011. Revenue from projects in the Middle East fell 18% to 拢151m and revenue from the Asia market rose 18% to 拢178m in 2012.

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