Barnes Construction has delivered stable revenue and profits in its latest group accounts.
Turnover for the year ended 30 September 2023 was £100.7 million, slightly up from £100.4 million in the prior period.
Gross profit for the Ipswich-headquartered company was reported at £9.7 million (FY2022: £8.3 million).
While operating profit for the group was reported at £2.8 million, compared to £2 million in the previous year.
Pre-tax profit in the year to 30 September 2023 for Barnes was £3.1 million (FY2022: £2.1 million).
While profit for the year for the group was £2.6 million (FY2022: £2 million).
Net assets were valued at £14.2 million, up from £12.6 million in the prior year.
During the financial period the company paid dividends of more than £1 million, down from £1.8 million in FY2022.
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