This comes despite dip in business in the Middle East

锘縃yder has posted a 35% increase in pre-tax profit on falling global revenue, and has seen a sharp dip in business in the Middle East off-set by growing work in Asia Pacific.

In preliminary results, the consultant posted pre-tax profit of 拢18.2m on revenue of 拢290m in the year to 31 March, down from 拢309m in 2010.

Yet the consultant was forced to cut 501 jobs over the course of the year.

In the UK, revenue declined to 拢87.2m from 拢95.9m last year, and Hyder warned that the transport sector was 鈥渃hallenging鈥�.

Middle East work plummeted and revenue was down 30% to 拢65.5m. This was caused by 鈥渂oth a scaling back of operations in Dubai, following the completion of contracts there, and delays in contract awards in the region,鈥� the firm said.

Topics