Mace Group has announced a 38% increase in profits for 2009 compared to the same period last year despite the economic downturn.
The global consultancy and construction firm said that its profit before taxation was up by US $23 million (AED84.8 million).
“I am delighted to report that Mace has had another excellent year,” said group chairman and chief executive Stephan Pycroft. ”The board put a diversification strategy in place five years ago; it is this strategy that has protected the business during this unprecedented economic downturn.”
Mace Group also recorded an increase in turnover of 14% to $943.4 million and said its 2009 order book was 79% secured at the end of last year.
“This set of audited accounts demonstrate Mace Group’s sustained financial growth and the degree to which that growth reflects the strength and quality of our delivery,” said group finance director David Vaughan.
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