CONSULTANT WSP said this week it wanted to recruit in the United States to boost its structures business, despite reporting falling profits and turnover there.
'It has been a difficult time but we are now starting to see our (US) order book increasing and a growth in the numbers of enquiries. We are even looking to recruit, ' said WSP chief executive Chris Cole.
He was speaking on Monday as WSP announced results for 2003.
WSP's US business saw turnover fall from £32.9M to £27.8M last year while US operating profits fell from £2.2M to £1.2M.
Group turnover increased from £261M to £284M and pretax profit increased from £400,000 to £5.6M. Performance was boosted by strong results in Europe.
Cole said the improvement followed a restructuring exercise in 2002 after the company had failed to meet its performance expectations for the first time in nine years.
As a result it had to close offices and cut staff.
Cole said the company was also expanding from Hong Kong into China despite losing money in Asia last year.
'It is a difficult market but we think that this year we will turn the corner with our increasing presence in China through our office in Shanghai, ' he said.
INFOPLUS For a full copy of the results announcement go to www. nceplus.co.uk