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Arup posts turnover growth but fall in profit

Arup today announced 22.5% growth in turnover to £889M and a total profit before tax, dividends and staff profit of £77M, down from £81M in 2008

£29m of profit was paid through a global profit sharing scheme to the employees - the company‘ s beneficiaries under the trust ownership structure.

“Conditions will continue to be challenging in many of our markets for some time, but our multi-disciplinary capability and global spread enables us to continue to win and deliver high quality projects around the world,” said Arup chairman Philip Dilley

The balance sheet has also remained strong, with cash reserves of over £125m, up 21% on the previous year.

“With the global impact of the recession, and the rapid slow down in many areas of construction and related design activities, we have been careful to manage the level of our staff resources to match our current and
expected future workload,” said Group Chief Operating Officer David Whittleton.

“Financial performance for 2009-10 is, however, likely to be affected as a result. We have reduced staff
numbers in some locations, although the overall impact has been somewhat mitigated by growth in our infrastructure business, and resilient markets in a number of our geographies.”

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