The numbers were down substantially from 2015鈥檚 record year, when profits reached 拢5.1尘 on turnover of 拢253m. However, chief executive Stephen Martin described them as 鈥渁 strong set of results鈥� given market conditions.
The Construction division turned over 拢126.6m and made a profit of 拢2.0尘. Projects included the Leeds Recycling & Energy Recovery Facility, projects with Siemens at Green Port Hull as part of the offshore wind manufacturing centre, two schemes for The University of Sunderland, a new exhibition Hall at the Yorkshire Showground in Harrogate and two new care homes.
Clugston鈥檚 logistics division grew turnover by 5% to 拢16.1m and turned 2015鈥檚 loss into a 拢400,000 profit.
Chief executive Stephen Martin said: 鈥淲hilst we continue to face challenging conditions, Clugston Group has achieved another strong set of results with solid profitability, substantial cash balances of 拢19.7m and no bank borrowings. We appreciate that the economic outlook is now more uncertain following the Brexit decision. However, we already have a substantial forward order book in place for the next two years and remain confident that we can continue to deliver acceptable levels of profitability. Furthermore, Clugston continues to make good progress in securing increased volumes of work in the water and care home sectors and I am pleased to announce that we will shortly commence work on our 12th energy from waste facility.鈥�
Clugston Group results |
||
2016 Profit |
2015 Profit |
|
Construction |
拢2.0尘 |
拢3.0尘 |
Logistics |
拢0.4尘 |
(拢0.1尘) |
Property & other activities |
拢0.2尘 |
拢2.3尘 |
Net interest payable |
(拢0.4尘) |
(拢0.1尘) |
Profit before taxation |
拢2.2尘 |
拢5.1尘 |
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