Robertson Group have achieved good end of year finacial results despite difficult economic conditions.

Robertson Group & Robertson Homes had a 30% increase in combined turnover to £247.4m.

Operating profit up was 35% year on year as a separate business strategy proves successful. Pre-tax profit was £11.9 million.

Robertson Homes' first accounts as a separate company showed turnover to be up £15m to £83m

The group continued strengthening of PFI/PPP delivery record in education and primary healthcare markets adds investment value to business.

Robertson Timberkit turnover grew by 13%

Robertson Facilities Management turnover increased by 32% in 2007 and benefits from secure long term income streams of over £300m.

-- Advertisement --

Robertson Property is nearing completion on 130,000 sq ft prestige office project in Gateshead

Robertson has announced a record turnover to the year end November 30, 2007.

"I am pleased to report that the combined Robertson businesses delivered a turnover up 30 per cent at £247.4 million and a pre-tax profit of £11.9 million," said executive chairman Bill Robertson.

He continued: "We have spent the last few years creating strong, separate businesses moving away from the our traditional group structure and, we are now seeing the long term benefit from this exercise. The results were all generated from operating profits with no investment sales during the year.

"With the creation of two new regionalised construction businesses during the present trading year our current business model now gives us twelve platforms for growth in six sectors of the market place.

"Each of the companies are now adding value through profit and growth in their own right and the separate company structure has allowed us to use the individual value creation in a more effective way. This can be seen from fact that operating profits have increased by 35% this year on the back of successful growth in all our trading businesses."

The executive chairman believes the stability and separate business structure will allow each of the businesses to adapt and operate effectively under the tougher trading conditions being felt throughout the industry.

(GK/JM)