Civil engineering contractor Barhale saw its turnover improve as revenues from water frameworks and major projects rose to £122 million in 2017 (2016:c £80 million), according to its Group Strategic Report for the year ended 30 June 2017.
Pre-tax profits leapt from £157,000 in 2016 to £2.15 million in 2017 while operating profit margin rose to 2%.
The Group’s Yorkshire Water and Anglian Water frameworks “increased markedly” in line with their spending plans. However, its joint venture Barahale Trant Utilities had a “disappointing year” with lower than anticipated volumes of work at Southern Water - Barhale said it expects this to improve in 2017/18 in line with its regulated spend profile.
Three major projects for Severn Trent Water were ongoing in the financial year, with work on the Elan Valley Viaduct achieving key milestones and ODI risk reduction measures.
Reporting a healthy forward order book, Barhale said that with a number of major UK infrastructure to start this year, turnover is expected to improve further in 2017/18. The report describes future prospects as encouraging with consistent volumes with the peak years of AMP6 and planning for the continuation and expansion of AMP7 projects already underway. The company is also continuing to pursue opportunities from major long term civil engineering projects including Thames Tideway.
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