Wednesday, June 3, 2009

May Gurney profit up 8%

May Gurney has pushed its pre-tax profit up 8% to ВЈ20.2m on a turnover of ВЈ470.3m (ВЈ437m) for the year ended 31 March 2009.

Meanwhile the company said that its orderbook, including framework agreements, stood at ВЈ1.25bn, up from ВЈ1.0bn in the previous year.

Commenting on the results, chief executive Philip Fellowes-Prynne said: "May Gurney's target markets have provien resilient in the current economic environment and we continue to benefit from good level future earnings visibility, with more than 95% of our business in dependable long-term contracts to deliver essential front-line services for our clients in both the public and regulated sectors."

Around 95% of the company's ВЈ470.3m turnover is in long-term public and regulated sector contracts.