But Yorkshire-based contractor loses money on hosting rugby matches at Headingley stadium

Headingly stadium leeds rhinos caddick

Yorkshire-based Caddick Group saw profit and turnover increase by more than a third in its financial year ended 31 August.

Caddick works in civils, construction and development of industrial and residential property 鈥 as well as the staging of professional rugby matches at Headingley stadium (pictured).

Company accounts show revenue at the contractor shot up by almost 50%, to 拢227m from 拢152m.

The increased was derived from an 260% increase in its property development revenue, with construction income dipping slightly to 拢90m.

The firm saw pre-tax profit grow from 拢8m to 拢11m. 

But it lost 拢703,000 on hosting sports matches, from a turnover of 拢10m. 

The group鈥檚 chairman, Paul Caddick, said despite Brexit concerns he was confident for the future due to a shortage of residential and industrial units.

He also admitted Headingley鈥檚 home team Leeds Rhinos, which he owns, 鈥渉ad a poor season鈥 on the pitch.