Contractor increases pre-tax profit to 拢9.3m and predicts more branch openings
Contractor ROK has announced a 21% jump in pre-tax profits to 拢9.3m in its interim results to 30 June 2006.
Rok also saw turnover rise to 拢301m over the six month period, a 26% rise from the corresponding 2005 figure of 拢239m. The results were boosted by major social housing appointments totalling over 拢350m.
Rok chairman Stephen Pettit said: 鈥淭he results give us increasing confidence that we are on course towards delivering our long term strategy of being recognised as the nation鈥檚 local builder.鈥�
Pettit also said he expected further branch openings, to add to the five achieved this year. He said: 鈥淲e see significant opportunities for organic growth through further branch openings in parts of the country where we are not currently represented and through further market penetration in existing branches.鈥�
The results included a one-off payment of 拢1.4m to former director Mark Kay, who had issued a claim of over 拢5m against the company in respect of bonus payments for the years 2002 and 2003.
