Profit increases to 拢4.5m as chairman Stef Stefanou looks to the Olympics for improvement in South East.
John Doyle Group has increased turnover by 23% to 拢140m for the 12 months to 31 December 2004. The increase followed what chairman Stef Stefanou called a tough 2003.
Pre-tax profit was 拢4.5m, with the Construction division contributing 拢2.2m and Ibex Interiors contributing 拢1.9m to the total.
Stefanou said: 鈥�2003 was a tough year in which we stuck with our principles of not chasing work. Thankfully, 2004 saw our volume return with prospects for 2005 favourable.鈥�
The expansion of regional operations countered a 鈥渟omewhat thinner market鈥� in the South East over the past 18 months, said Stefanou, but he expected work in the capital to pick up with the Olympics.
