UK-based consultant, Arup, has posted promising financial results for 2002, despite a very competitive market.
Continuing a five-year trend, turnover has continued to grow, exceeding £400M (US$636M) for the first time. The trust-owned firm also recorded profits in excess of US$31M, which will be distributed to staff and ploughed back into the business.
Other highlights for the financial year ending March 2002 include: 17% increase in overall global turnover; 3% increase in overall global profit; a stable profit margin of 5%; and an 11% increase in staff numbers.
Bob Emmerson, chairman of Arup, said: “Our special ownership structure gives us freedom to invest our profit in our future and helps us keep our eyes on our goals”.
The coming year will see Arup involved in the preliminary design and preparation for bid documents on the Second Avenue Subway Project in New York, and the completion of the northern section of the 10.5km long Mass Rapid Transit Blue Line in Bangkok, Thailand.
