GRAHAM, one of Northern Ireland’s biggest construction companies, has recorded a sharp increase in both profits and turnover after overcoming a challenging marketplace and winning new contracts across the UK and Ireland.
It saw pretax profits climb by 54% to £19 million with all parts of the business - civil engineering, interior fit-out, facilities management and investment projects – proving profitable. Turnover, meanwhile, jumped by 18% to nearly £142 million.
The company put the performance down to its ability to win new work during the last year and pointed to a positive outlook with a record pipeline of projects worth some £1.9 billion. However, it said the gains had been hard won in a construction market facing a number of significant challenges, “not least the reorientation of market conditions resulting from the Covid-19 pandemic and rising inflationary pressures”.
Andrew Bill, GRAHAM Group Chief Executive Officer, said the hard work of the team and a disciplined approach to winning work has help achieve a positive result.
“GRAHAM is pleased with these latest published accounts, which demonstrate our commitment to strong and sustainable financial growth in the face of considerable economic challenges for the construction industry and wider society,” he said. “We have adopted a pragmatic, sensible and selective approach to winning work, coupled with a focus on risk management.
“Real collaboration with our clients and partners, based on trust and transparency, has also been central to realising our Group objectives. It goes without saying that the immense efforts of our staff, supply chain and subcontractors, who continue to innovate and strive for excellence, is the platform that underpins our continued high performance.”
