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| SMC sees FY profits below market expectations SMC Group Plc, the architects and design business, has decided to apply a more conservative, consistent and centralised approach to the treatment of work in progress across the Group. It has been decided to adopt this with immediate effect to the preliminary results for the year ended 31st December 2006. The impact of this change will result in profit before tax and amortisation for the year ended 31st December 2006 in the region of £5.1m which will be below market expectations for both overall and organic turnover and profit, but still represents an un-audited profit growth of circa 65% on the previous year. write your comments about the article :: © 2007 Construction News :: home page |