Infrastructure services contractor sees revenue soar 22%
Infrastructure services provider May Gurney has seen pre-tax profit rise 17% in the last year, according to its preliminary results.
The firm saw profit rise to 拢28.4m in the last financial year as revenues also increased by 22% to 拢695.3m. Public sector services accounted for 60% of the group鈥檚 revenue.
However, it did have to spend 拢2.9m on restructuring costs, most of which was attributed to redundancy costs.
Philip Fellowes-Prynne, chief executive of May Gurney, said: 鈥淥ur strategy of targeting resilient, maintenance-focused revenue streams has proved successful against the background of a challenging economic environment.
鈥淲hilst we continue to bid intelligently, our approach has always been to pursue value over volume, especially as our markets become increasingly competitive. Therefore, we remain selective and focus on profitable work where added value, service innovation, collaborative working and customer service are the primary drivers.鈥�
The firm also reported it had an order book of 拢1.5bn, including framework agreements, up from 拢1.4bn last year.
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