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Turn-round for Dickie's profit
14:42 03 Jul 2002
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John Dickie, the Glasgow-based housebuilder and contractor, has
announced a pre-tax profit of £1.2m on turnover of
£31m.
Last year the group made a £1m loss on a similar turnover and initiated major changes, taking on Rod Jones in as managing director of construction and Craig McKillop as business development director.
The turn-round has been dramatic, with finance director Morgan Hogarth pointing to a rapid upturn in turnover in the current year - by next March he predicts a housing turnover of £20m, and a construction figure expected to jump from the current £19m to over £33m.
"Last year we focused on bringing the new team in, so we just grew our profitability," said Hogarth this week. "For 2003 we will increase both turnover and profitability."
Construction awards range from £500,000 to £12m and include an £11m project for the Department for International Development in East Kilbride.
Last year the group made a £1m loss on a similar turnover and initiated major changes, taking on Rod Jones in as managing director of construction and Craig McKillop as business development director.
The turn-round has been dramatic, with finance director Morgan Hogarth pointing to a rapid upturn in turnover in the current year - by next March he predicts a housing turnover of £20m, and a construction figure expected to jump from the current £19m to over £33m.
"Last year we focused on bringing the new team in, so we just grew our profitability," said Hogarth this week. "For 2003 we will increase both turnover and profitability."
Construction awards range from £500,000 to £12m and include an £11m project for the Department for International Development in East Kilbride.
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