Profits are on the up for construction company

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PROFITS are up for Fareham-based Amiri Construction, even though the economic downturn has had an effect on its turnover.

The construction firm has reported its annual turnover up to December 31, 2010 was £12,466,967, compared with £13,032,868 the previous year.

But profits were up slightly to £231,340, compared to £223,617.

Contracts won for the current financial year are £2m over the target of £20m.

Managing director Grahame Pettit said: ‘It’s definitely not plain sailing in this current economy and we have adapted our business to ensure we continue to trade profitably.

‘We remain determined to put quality first and are well on course to be on time and on budget for the 12 projects currently under way.’

Director Kevin Lendon said that £20m is the highest value of projects gained in the first quarter of their trading year, even compared to the £15.8m achieved in 2008.

Amiri’s first annual turnover in 2005, when it was first set up, was £2.4m.

Staffing levels have increased from 24 to 28 over the last six months.