The increase came despite a much more modest 6.4% rise in turnover to ВЈ54.8m.
The contractor, based in Newcastle-upon-Tyne, said margins were "out-performing all previous years".
But the firm, which was known as Bowey Construction until the company decided to change its name in 2004, warned that the current trading environment was вЂњcertainly tougher than this time 12 months ago with procurement levels notably lower.вЂќ
Despite this, the company described its order book as "strong", with work in hand for the year in excess of ВЈ45m from a projected sales turnover of ВЈ61m.
The highest-paid director received a pay rise of almost 57%, taking his wage packet to ВЈ586,314 for the year. Meanwhile contributions of ВЈ15,550 were paid into his pension pot.