WSP Reports Rise in Half Year Profits

Amidst a plethora of profits warnings its good to hear that WSP, the global design,engineering and management consultancy group, has reported a 43% profit rise and a record order book in its half-year results.The company posted pre-tax profit of £23million for the six months to 30 June. Turnover was £363.5million, up 40% on last year.

The group who emplo around 9,500 staff worldwide, said its June order book stood at £1.2billion, up from £900million in December, and had been boosted by public-sector transport contracts and international project awards, particularly in the Middle East.

The board said it was confident that key transport and infrastructure markets would remain “largely unaffected” by the financial turmoil and that the company would continue to perform in line with expectations.

“Notwithstanding the wider economic uncertainties, the group is in a strong position, with good momentum in its many varied markets, which we believe will present us with excellent opportunities in the future,” said the group.