Good news for Highland civil engineering firm Global Infrastructure
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PRE-TAX profit increased for a Highland civil engineering and construction infrastructure firm last year.
Turnover was also up at Global Infrastructure for the year ended March 31, 2022.
Directors of the Wester Balblair firm were pleased with the results despite operating in what the firm described as a competitive and challenging market.
Pre-tax profit rose from £325,408 in 2020/21 to £1,264,569 in the latest 12 months. For the same period, turnover increased from £17,952,399 to £31,894,511.
A directors’ report accompanying the firm’s latest accounts stated: “The directors are looking to the year ahead with confidence but not complacency and with full awareness of the challenging economic conditions and other factors that may affect the markets in which it operates.”
The average number of employees stayed at 87, while staff costs rose from £4,231,050 to £5,333,101.
The firm’s ultimate parent company is GEG Capital Investments in Inverness.