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Dyballs report profits boost

Construction and property Development firm Dean & Dyball have reported a 17% increase in profits for the group compared to last year's figures.

Dean & Dyball's annual accounts show a steady increase in turnover, with a 5% increase through 2007.

Group chief executive, Adrian Dyball said: "These figures confirm that the company's main objective for the year, of consolidating the previous year’s growth and improving profitability, has been achieved."

In recent years the company has increased its activity within the civil engineering sector, creating a new infrastructure division as well as its subsidiary Dean & Dyball Rail Ltd.

Last year Dean & Dyball saw close to an 8% increase in the number of contracts awarded to the group, citing the success of their rail subsidiary as well as their increased capacity to handle framework contracts.

The annual report also notes large increases in property value across the market this year, which have helped boost the net value of the group's property portfolio by £2.5M.

The total net asset value for 2007 rose to £17.6M which is a 52% increase on 2006.

Group chairman, Martin Hirst, said: "Our property development and construction activities continue to combine well with further growth this year in turnover and profits.

"At the date of this report we have already secured some excellent prospects for next year with further schemes under negotiation. Our strong balance sheet will enable us to undertake further property investment and development opportunities as they arisem," he said.

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