But group are still cautious

锘縒illmott Dixon has recorded a dramatic increase in pre-tax profit on a flat turnover for the year to 31 December 2010.

Pre-tax profit increased by 46% to 拢26.6m on a turnover of 拢989.5m, down slightly from 拢998.9m in 2009.

But chief executive Rick Willmott cautioned: 鈥淲hile the group has had a successful year, we remain genuinely concerned about trading conditions that lie ahead. We are, however, prepared to engage evolving circumstances 鈥檋ead on鈥�.鈥�

Willmott said he believed that construction would be 鈥渓ast in and last out鈥� of recession and warned that tender prices were still very low.

鈥淭here appears to be no softening of pricing despite commodity price inflation, and risk transfer appears to be increasing significantly,鈥� he said.

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