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| HBG records profit rise of 73% to £42.0 million HBG UK Ltd (HBG), the construction, property development, design and facilities management arm of Royal BAM Group in the UK, has announced a record profit before tax for the year ending 31 December 2006 of £42.0 million (2005: £24.3 million), representing a rise over the previous year of 73%. Turnover for HBG also rose significantly to £882.3 million (2005: £776.4 million), as did its secured order book which, at 31 December 2006, stood at £1.6 billion (2005: £1.4 billion). The overall profit before tax (PBT) margin achieved by HBG was a very satisfactory 4.8%. Although this margin benefited from excellent sales in the year in the property development business, the core construction operations, with a turnover of £810.0 million (2005: £750.8 million), also recorded a strong profit before tax of £21.0 million (2005: £20.2 million). write your comments about the article :: © 2007 Construction News :: home page |