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Tue November 19 2024

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Margins take a dip at Graham

10 Jul 17 John Graham Holdings has posted results showing strong growth in turnover but profits slightly down.

For the year to 31st March 2017 Graham turnover grew 11% to 拢565m but pre-tax profit dipped to 拢16m from 拢17m the year before.

Net profit margin of 2.8% for 2016/17 was down on the previous year鈥檚 3.4%.

Michael Graham, executive chairman of the privately owned Northern Irish construction group, said: 聽鈥淥verall these are another strong set of results with our group business units continuing to deliver robust performances despite the uncertainties that the current Brexit negotiations bring. Our core markets remain strong given the UK government鈥檚 infrastructure spend in civil engineering and a strong pipeline of opportunity in building, interior fit-out and facilities management. Our business units provide us with a well-balanced service offering within the group and all are underpinned by a healthy forward order book.

鈥淜ey projects include the 拢150m partnership with Barnet Council to enhance education, community, leisure and operational assets across the borough, the 拢100m Schools for the Future programme for Dumfries & Galloway Council and the recently completed 拢32m Chelmer Viaduct for Highways England. Our Asset Management business has continued to thrive, delivering services for universities, local authorities and the healthcare sector.聽 Interior Fit-Out have extended their client base in the retail, shopping centre and office markets, adding Next, Debenhams and KPMG.聽聽

鈥淣one of this would be possible without the professional and committed contribution of our 2,000 strong workforce. Knowing that they are trusted and their efforts valued, creates a collaborative supportive culture that proactively works with all clients to help meet their infrastructure needs.鈥

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