Acquistions by environmental specialist help boost turnover and profit for six months to 30 September

Pre-tax profit at Hyder Consulting has more than tripled thanks to recent acquisitions.

The environmental specialist posted a profit before tax of 拢8.1m for the six months to 30 September, up from 拢2.7m. Shares rose 24.5p on the news to 405.25p.

Its acquisition of ecology specialist Cresswell Asoociates made a 鈥渟ignificant contribution鈥� to its results which saw turnover up 20% to 拢97.2m.

During the six months Hyder also added highway design consultancy Munnich Projeckt in Germany and planning and landscape architects ACLA in Hong Kong and China which are expected to boost its final year figures

Hyder has not finished its shopping spree for the year and still has plenty of appetite for acquisitions with the group planning to add more before the end of the year.

Chairman Sir Alan Thomas said: 鈥淲e are very pleased with our first half results. Our markets are strong, our margins are improving and we are successfully integrating our acquisitions."

鈥淲e are continuing to pursue infill acquisitions utilising the new equity raised last month.

鈥淲ith our strong order book and steadily improving margins, we anticipate another successful year.鈥�