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Thu September 19 2024

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Knights Brown tops £100m again

19 Jul Hampshire-based contractor Knights Brown has posted record turnover in its latest accounts, but only just.

Knights Brown鈥檚 sales reached 拢101.5m in the year to 31st March 2024, and increase of just 1.4% on the previous year鈥檚 record of 拢100.1m.

The results also show gross profit margin increasing to 10.1% with operating profit holding steady at 拢2.1m.

Profit before tax was also 拢2.1m (2023: 拢2.0m).

Finance director Philip Crozier said: 鈥淧erformance is in line with expectations as a result of good performances in the energy, coasts and ports sectors. We are pleased to have consolidated our position despite the slowdown experienced in local government infrastructure spending, which impacted further growth.鈥

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