Shropshire M&E contractor Dodd Group has delivered another year of revenue growth and nearly doubled pre-tax profits in its latest results.
Turnover for the Telford-headquartered company for the year ended 31 March 2024 was £249,436 million, compared to £206,744 million in the previous financial period.
Gross profit was reported at £53.4 million, up from £43.9 million in FY2023, and the group’s operating profit was £5.4 million, up from £41.4 million the prior year.
Profit before tax was £6.7 million (FY2023: £3.5 million), and profit for the year was £4.9 million (FY2023: £2.9 million).
Dodd Group’s cash position was reported at £43.7 million, compared to £38 million in the prior period.
Net assets were valued at £51.9 million (FY2023: £47.4 million).
Interim dividends of £450,000 were paid, in line with FY2023 results. Directors did not recommend payment of a further dividend.
The business said: “The Construction division has continued to secure sizeable schemes with select main contractors across all regions. strategically targeting projects in the education, defence, justice, and health sectors.
“Our in-house design teams have continued to champion low carbon and Net Zero Carbon in Operation (NZCIO) projects.
“The group has continued its key activities of property maintenance and refurbishment for public and private sector clients, construction projects in the education, defence, justice and health sectors, and responsive and planned infrastructure services at defence establishments.”
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