Scott Wilson profits dive
Tuesday, 30 June 2009
Consultant Scott Wilson has seen its pre-tax profits fall by more than 50%.

Pre-tax profit fell to £9.4m for the 53 weeks ended 3 May 2009 from £19.7m the year before. Revenue, including share of joint ventures, rose 11% to £360m.

"While we have downsized our business to match capacity, one-off redundancy costs have impacted our full-year performance. However, demand for infrastructure services around the world remains robust, especially in growth regions such as China and India where Scott Wilson has a strong reputation and presence," the group said in a statement.
"We do not expect growth in our UK business over the next year but we do see significant opportunities for further growth in our international markets," said chairman Geoff French.

Scott Wilson's order book increased to £291m from £280m previously.