Cruden Group has posted pre-tax profit of 拢10.4m on turnover of 拢200.6m for the year to 31st March 2017.
Profit before tax was up nearly 40% on the previous year (2016: 拢7.5m) and group turnover was up 30% (2016: 拢154.2m).
It was the company鈥檚 18th consecutive year of profitable trading.
Net assets now stand at 拢43.6m (up from 拢38.8m in 2015), and access to a 拢9m bank facility remains undrawn.
The number of homes sold by the group increased from 139 in fiscal 2016 to 280 last year.
Construction turnover was up 18% to 拢160m (2016: 拢136m). Core activity remains the construction and refurbishment of residential housing for public sector clients.
Managing director Kevin Reid said: 鈥淚鈥檓 very pleased to report that 2017 has been a fantastic year for Cruden, delivering the group鈥檚 highest turnover and profit in its history.聽 To have had 18 consecutive years of profitable trading is a wonderful achievement, especially against the challenging economic backdrop we鈥檝e had in recent years.
鈥淭he group board is delighted with the strong performance of the business, and we look towards our 75th anniversary next year with optimism. We fully expect our business to continue to grow sustainably in the years ahead.鈥�
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