Arup has reported a 50% leap in profit in its latest set of accounts, thanks partly to rapid expansion in European markets.

The engineering giant reported a pre-tax profit of 拢30.8m for the year ended March 2007, compared with 拢21m last time out. The company鈥檚 global turnover rose 21% to 拢572.4m.

The company鈥檚 eight directors shared a sum of 拢2.4m, with the highest paid receiving 拢311,000.

David Whittleton, Arup鈥檚 commercial director, said: 鈥淥ur record results were delivered through strong performance in all of our business sectors and without acquisitions.鈥�

The company did 拢275.5m of its business in the UK, representing about half of its total sales. Projects included the 拢1bn regeneration of Battersea power station, the 拢1.1bn development of the East London Line, and a five-year, 拢65m project for Kingston university.

Arup鈥檚 European turnover more than doubled, reaching 拢64m compared with 拢26m last year.

In Europe, Arup is involved in a 鈧�2.34bn project to build motorways in Portugal

In the European market, Arup is involved in a *2.34bn (拢1.68bn) project to build motorways in northern and central Portugal, and the redevelopment of the Rijksmuseum in Amsterdam.

Asia, where Arup鈥檚 workload includes the Beijing Olympics, is the firm鈥檚 largest overseas market with 拢87.7m of turnover.

The company鈥檚 Asian projects include the 80,000-seat Beijing National Stadium for the Olympic site.

The company is also working on Dongtan, an eco-city in China that will accommodate 10,000 people.

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