Contracting group posts solid full year results
Shepherd Group has posted solid results for the financial year ended 30 June 2012, with turnover up nearly 10% to 拢671.6m from 拢611m the previous year.
Pre-tax profit fell 12% to 拢27.6m from 拢31.5m, but the group posted a rise in underlying operating profit 鈥� which strips out exceptional one-off costs 鈥� of 4% to 拢25m from 拢24m.
Each of Shepherd Group鈥檚 divisions 鈥� Shepherd Group Built Environment, Shepherd Group Engineering and Portakabin Group 鈥� achieved turnover growth.
Staff levels at the firm dropped marginally to 3,146, from 3,187 the previous year.
Group chairman Alan Fletcher said:鈥淪trong management aligned with quality products and services have ensured that the Group continues to make steady progress against a very challenging market backdrop, driving the business for profit and value growth for the shareholders.
鈥淭he completion of our business restructuring and the recruitment of new senior executive management continue to give confidence in the underlying potential of the Group.鈥�
Shepherd Group won a contract to revamp the (pictured) in Oxford last week.
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