|
contents | news | |||||||||
| Amec 2005 profit up to £124.1 million Amec, aa major UK provider of services and engineering solutions to the world`s infrastructure, has published some preliminary results 2005. Adjusted pre-tax profit of £124.1m - up 7%; pre-tax profit after exceptional items £25.4m; Engineering and Technical Services profit up 18%; value of PPP portfolio up 42% to £109m; UK infrastructure underperformed; dividends increased by 4.5% to 11.5p per share. Commenting on the results and prospects, Chief Executive, Sir Peter Mason KBE, said: "This was a really excellent year across most of our main businesses, with profits in Oil and Gas up 25%, and in Engineering and Technical Services up 18%. However, a poor performance in UK Construction significantly depressed this result. Meanwhile, our investment portfolio has increased in value substantially and we are delivering a pipeline of attractive future PFI, property and wind energy investment opportunities." write your comments about the article :: © 2006 Construction News :: home page |