Firm says inflation and labour shortages remain a headache
Profit at Scottish contractor Robertson Group fell more than a fifth last year as the firm said materials, labour and energy costs ate into its bottom line.
The Elgin-based firm, which also includes a 拢143m FM business, saw income grow 8% to 拢644m in the year to June 2023 but pre-tax profit was down 22% to 拢16.7m.
The firm works across Scotland and northern England and said inflation levels were 鈥渦nprecedented鈥�, adding that increased interest rates had hit clients鈥� budgets with several jobs delayed or cancelled.
It said its new financial year 鈥渉ad got off to a positive start鈥� but warned that inflation and labour shortages continued to remain a challenge.
Net funds at the year-end were down 5% to 拢72m.
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