Contractor Sir Robert McAlpine’s construction turnover fell to £769M for the year ending 31 October 2012, compared to £845M for the same period a year earlier, it was revealed this week.
This turnover was focused on the commercial, residential, leisure, education and infrastructure sectors.
But pre-tax profit grew in 2012 from £20.1M in 2011to £20.5M this year.
The group predicted an increased turnover in 2013, owing to opportunities around London and the southeast.
“Although the United Kingdom Construction market remains challenging, our strong balance sheet, stable and significant cash balances combined with negligible borrowing continue to leave the group in an excellent position to explore profitable opportunities as they arise,” said the firm in a statement.