Turnover at the privately-owned construction group was down marginally for the year to 拢1.02bn, just 拢10m down on 2012鈥檚 拢1.03bn.
Profit before tax and amortisation was 拢16.2m (2012: 20.1m).
Chief executive Rick Willmott said: 鈥淥ur work volumes and turnover continue to hold up well, while our reduced pre-tax profit reflects a small number of projects now completed that did not deliver the margins we had expected.鈥澛�
He continued: 鈥淲e are seeing more opportunities across our industry owing to greater economic confidence and a stronger housing market and we have focused our skill-sets and resources accordingly. Our frameworks and long-terms contracts continue to give us a robust pipeline of construction and support services work while our development business Regen, delivering both homes for sale and private rent, really 鈥榗ame of age鈥� in 2013 with a significant volume of development that will increase in 2014 and beyond.鈥�
The secured forward order book stood at 拢2.05bn in March 2014 and 91% of the budgeted work has been secured for 2014.
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