Global engineer鈥檚 profit down 2%, but turnover rises marginally

Global engineer WSP has posted solid results for the year ended December 2011, with a marginal rise in turnover.

Turnover at the group rose from 拢706.9m in 2010 to 拢713.3m last year, while profit dropped 2% from 拢19.2m to 拢18.9m.

Chairman Ian Barlow said: 鈥淲e expect market conditions to remain unchanged and our task is to exploit our global reach to deliver growth and to continue to drive more efficient margins and better cash generation.

鈥淲e have repositioned our strategy 鈥� recognising the reality of tighter markets since it was launched in 2010.

鈥淭his provides the basis for the group to improve its performance and grow organically although we remain alert to corporate opportunities.鈥�

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