Contractor Kier unveiled its year-end preliminary results today with pretax profits rising to £68.9M in the year ending 30 June 2011, up from £55.5M in 2010.
The firm increased its profit margins from 2.6% to 2.7% in 2011 and increased its order book to £4.3bn from £4.2bn.
Kier Construction’s revenue in 2011 was £1.45bn with a profit of £39.3M. Kier Services revenue was £484M in 2011 with a profit of £21.7M.
Kier chief executive Paul Sheffield said the firm had “another successful year in a tough economic environment”.
Sheffield added he didn’t anticipate any improvement in the UK sector until 2013.