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Laing O'Rourke witnesses 7.6% rise in turnover to £4.3bn

Laing O’Rourke last year increased revenue by 7.6% to £4.3bn from £4bn the previous year, its results revealed yesterday.

For the year to 31 March the firm also witnessed a small increase in pre-tax earnings to £54M up from 51.3M. The firm also has an order book backlog of £8.2bn, which the firm said created “good medium-term earnings visibility”.

Its strategy has been strong in Europe and Australia with prestigious contract wins contributing to the firm’s success along with the creation of over 700 new roles in the Australia Hub to support major infrastructure projects.

The firm added that there was a good future revenue visibility and strong pipeline of contract opportunities which means it remains on track to deliver 2012/13 financial targets.

“Laing O’Rourke has sustained a resilient performance by focusing on delivering profitable growth, said chairman and chief executive Ray O’Rourke. “We continue to build on our commitment to Excellence Plus performance in every aspect of our activities.”

 

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