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Turner and Townsend profits down for 2011, staff numbers up

Turner and Townsend today revealed that its year-on-year profits have fallen from £11.6M last year to £10.2M for 2011.

In the UK, the market had been affected by government cuts and property workload was reduced, however they had retained market share of available work.

Global staff numbers increased to 2,250 (2010: 2,176) across 68 offices worldwide, with almost half (48%) now based overseas.

Chief executive Vincent Clancey said the company was responding to global shifting economies and their focus was changing as markets changed.

“For the first time, non-UK business accounted for nearly half of our revenue,” he said.

“We increased staff numbers and now have 68 offices worldwide. Today we are as agile as ever − and it’s that responsiveness that has allowed us to steadily grow global revenue, even in the face of a tough UK market.”

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