Contractor posts pre-tax profit of 拢5.8m in the year to 31 March 2015

Andy Steele

Osborne has posted a 12% jump in pre-tax profit to 拢5.8m in full-year results for the year to March 2015, up from 拢5.2m the previous year.

The contractor鈥檚 order book for the next 12 months has also risen 22% to 拢242m, up from 拢199m for the same period to March 2014.

However, turnover was down 5% to 拢309m from 拢327m the previous year.

The firm said this was due to delays to project starts in its construction business, as well as rising supply chain prices.  

Osborne said there were signs that 鈥渋nflation for specific trades and materials is continuing at elevated rates, risking profitability on long-term contracts where the price has been agreed.鈥�

Commenting on the results, Osborne鈥檚 chief executive Andy Steele (pictured), said: 鈥淲e have seen further improvements in our profits following last year鈥檚 record results.

鈥淎t the same time we have been ensuring we position Osborne as the brand of choice, delivering the ultimate customer experience in our markets.鈥�

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