Thursday, November 12, 2009

Richardson Projects stays the in black

Richardson Projects has posted a pre-tax profit of ВЈ3.3 million for the year ended 31 December 2008, down by ВЈ1 million from the previous year.

In the same time the firm, which is part of Rok and was fined ВЈ595,747 earlier this year as part of the bid-rigging scandal, increased its turnover to ВЈ63 million, up from ВЈ48 million.

The directors report said that a further impact on margins was “inevitable”, adding: “The impact of the world-wide credit crunch … has led to increased competition within our marketplace.”

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