Dawnus doubles turnover to generate a £760k profit

Dawnus Construction, the civil engineering company based in Swansea, doubled its turnover last year to £31m.

Latest financial results (12 months to 31 December 2005) show that pre-tax profit benefited from the rapid growth, jumping to £760,000 (£440,000).

The costs of the acquisition of G&G Construction Services in the previous year were written off; contracts undertaken by the subsidiary now having been subsumed into the parent company’s contract activities.

The pension cost for Dawnus’s 136 employees ran to £27,000. The highest-paid director was paid £120,000, which included £6,800 towards his pension.

[Contract Journal, 1 November 2006, p11]