Continuing heavy losses in Germany, via newly bought subsidiary Wayss & Freytag, held back 1999 profits at Dutch international contractor Hollandsche Beton Groep to £38.65M, up just £1.7M from the year ended 1998. Turnover rose from £2,913M to more than £3,080M. But results in the UK, Holland and Ireland were good, said HGB, adding that an improving German situation meant it could predict a 20-30% overall increase for this year. Rival Dutch firm Royal Boskalis is bidding to take over the company.
Profits for integrated services group Tilbury Douglas increased 30% from £27.1M to £35.3M for the year ended December 1999. Turnover was up a corresponding 20% to £769M from £641M. Chairman Mike Bottjer said the move to service provision was enhanced during the year with purchase of Bandt and the How Group. Scottish Housebuilding which did not fit with the strategy, was disposed of.
Kier Group declared a 30% pre-tax profit increase for the six months to the end of December 1999, at £6.1M against £4.7M for the first half of last year. Turnover moved 4% to £484.7M improving margins against an operating profit of £4.7M up 18%. Construction showed a gradual improvement in margins and homes and property contributed strongly, Kier said. It predicted an increase in business for the second half of the year.
Consultant Waterman Partnership Holdings has reported interim profits for the six months to December 1999, up 20% to £1.36M on turnover increased by 13% to £16.47M. The design group said the PFI had made a strong contribution and predicted further acquisitions to those already made this year.
URS Corporation, the engineering group which owns Thorburn Colquhoun and Dames & Moore, has reported a first quarter increase in turnover up to £324.6M - a 158% increase on the equivalent 1999 first quarter's £126.79M.
Pre-tax profit also increased 57% to £9.93M. The firm says it will capitalise on the prospects of the TEA 21 spending in the US during the next period.