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07/07/2017

Graham Reports Revenue Rise In Financial Results

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Graham Construction has revealed it's revenue has increased to £565 million in its year end results for 2016-17.

With revenue rising 11%, pre-tax profit declined slightly by £1m to £16m, while the Group hit a net profit margin of 2.8%.

Michael Graham, Executive Chairman, said the results are strong "despite the uncertainties that the current Brexit negotiations bring".

"Our core markets remain strong given the U.K. Government's infrastructure spend in civil engineering and a strong pipeline of opportunity in building, interior fit-out and facilities management," he said.

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"Our business units provide us with a well-balanced service offering within the Group and all are underpinned by a healthy forward order book.

"Key projects include the £150M partnership with Barnet Council to enhance education, community, leisure and operational assets across the Borough, the £100M Schools for the Future programme for Dumfries and Galloway Council and the recently completed £32M Chelmer Viaduct for Highways England.

"Our Asset Management business has continued to thrive, delivering services for universities, local authorities and the healthcare sector. Interior Fit-Out have extended their client base in the retail, shopping centre and office markets, adding Next, Debenhams and KPMG.

"None of this would be possible without the professional and committed contribution of our 2,000 strong workforce. Knowing that they are trusted and their efforts valued, creates a collaborative supportive culture that proactively works with all clients to help meet their infrastructure needs."

(LM)

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