Carillion’s UK construction division saw operating profits rise by 41% last year.
The support services firm said construction turnover fell 24% to £1.3bn while operating margins rose to 3.1% and operating profit jumped to £57.9m.
Carillion is currently half way through a redundancy programme with up to 1,500 jobs set to go.
Chairman, Philip Rogerson, said:
“Carillion’s integrated UK support services and international business mix has once again enabled the Group to perform strongly, despite challenging market conditions.
“Given the wider economic outlook, we expect trading conditions to remain challenging in 2012.
“However, with a strong and resilient business, good revenue visibility and a record pipeline of contract opportunities, we continue to target growth in support services together with the doubling of our revenues in the Middle East and in Canada, in each case to around £1 billion, by 2015.”
