Murphy also aims to improve profitability across a portfolio of service to at least 5% net profit before tax, growing to 10% by 2025.
鈥淥ur 10 year plan is an agenda for growth,鈥� says chief executive Steve Hollingshead in the company鈥檚 newly-published Murphy Business Review 2015.
鈥淭he strong operating performance across our business gives us confidence to invest, building a platform for us to double in size over the next 10 years.鈥�
Mr Hollingshead, , says that he anticipates that international business will account for 15% of the group鈥檚 revenues by 2025. Murphy has a 50% shareholding in Murphy Pipe & Civil (MPC) in Australia and it also has a half share in Surerus Murphy in Canada.
2015 represented a turnaround year for Murphy, making 拢13.8m pre-tax profit on revenue of 拢647.5m. In 2014 it had made a loss of 拢9.7m before tax on 拢657.7m revenue. The 2014 loss was attributed to problems on a combined heat-and-power plant in Beckton, east London.
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