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The Yorkshire-based independent professional services firm Turner & Townsend said today that it has had a "pivotal year" in which revenue has crossed the bar from half a billion pounds.
During the year, Leeds-based Turner & Townsend secured a merger that should help boost economic growth in Kenya. The company achieved a turnover of 549 million pounds for the year ending April 30, 2018, an increase from 491 million pounds the previous year. Profit after tax was 42.6 million pounds, up from 36.2 million pounds in 2016-17.
Turner & Townsend, which employs 5,200 people in 108 offices in 45 countries, said its diversified business model has allowed it to grow strongly in all regions.
In the United Kingdom, revenues climbed 12.4% in 2017-18. £ 238.9 million. Revenues in North America increased to £ 86.6 million, an increase of 21.1% over 2016-17. The annual turnover has reached £ 52.2m in Australia and New Zealand and £ 26m in Asia.
Earlier this year, the company merged with Mentor Management Ltd. (MML) based in Nairobi to become the largest project management consulting firm in East Africa
Turner & Townsend believes this initiative will help unlock investment opportunities in the region. The infrastructure sector generated revenue growth of 15% to £ 179 million as investments in aviation, rail and energy continued on world markets.
Over the past 12 months, Turner & Townsend has been badigned to a series of airport expansions and new construction projects, including at Dubai's Al Maktoum Airport, as well as to At Western Sydney, Vancouver and Toronto Pearson airports. The company has also worked on the mixed-use development Meraas City Walk in Dubai.
The global real estate business turnover grew 12% to £ 264m in 2017-18, under the effect of growing demand from high-tech customers. and changing job requirements due to the digital revolution. Natural resource revenues reached £ 57 million, up 8%, driven by higher commodity prices and upstream and downstream oil and gas growth. projects.
A resurgence of mining projects led the company to provide program management services to the Yamana Gold mining portfolio in Canada and South America.
Turner & Townsend established a new business unit this year The implementation of complex programs.
A spokesperson said: "Turner & Townsend has continued to deliver on its commitment to sustainable action and positive impact on society, aligned with four of the Sustainable Development Goals of the United States. United Nations, it has launched a primary school program with the National Literacy Trust in the UK and has helped our customers around the world adopt innovative technologies and approaches to create more sustainable cities and communities Vincent Clancy , president and chief executive officer of the company, said, "I am delighted to report our impressive turnover of half a billion pounds this year.
"This has been a landmark year as we have benefited from increased spending, particularly in infrastructure.
" Our goal remains to be the premier provider of independent professional services to the world in investment programs by 2020, and our continued investment is essential to building, sustaining and diversifying our capabilities to meet the needs of our customers.
"We have a remarkable group of future leaders in our company. "
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