Half-year results see all of global architecture practice’s regions return profit
Architecture practice Aukett Fitzroy Robinson (AFR) has returned to a pre-tax profit for the first time in over three years.
All of the firm’s geographical regions returned a profit during the six months to 31 March 2012, helping the firm achieve a pre-tax profit overall of £173,000.
The last time the practice returned a profit was in the full financial year to 30 September 2008, when it reported a profit of £2.5m.
The practice has suffered three loss-making years since then, while revenue dived two thirds from £22.6m in 2008 to £7.9m in 2010, before recovering slightly to £9.2m in 2011.
AFR’s revenue grew 81% to £5.4m for the first half to 31 March 2012, up from £3m for the same period the previous year.
AFR’s UK division reported revenue of £2.7m for the period - up 15% on the previous year - and a pre-tax profit of £21,000 for the period.
The practice’s Russian business grew five-fold to £2.3m turnover and reported a pre-tax profit of £191,000. AFR’s Middle East division also reported a £37,000 pre-tax profit for the six month period.
AFR chief executive Nicholas Thompson said: “Having returned the group to profitability our goal now is to maintain this position.”
9 October 2012
14 June 2012
1 May 2012
27 April 2012
20 January 2012