Laing O'Rourke turnover increases to £4.1bn

Laing O'Rourke the UK's largest private construction firm pushed its turnover by 13% from £3.6billion to £4.1billion in the year to 31 March 2009.A small increase in its pre-tax profits was also apparent from £81.2million to £85million, even after a £17.1million hit in the form of write downs on its residential and mixed-use developments.

The bulk of the turnover, £2.5billion, came in Europe. The Middle East and Asia accounted for £828.7million, while £725.6million was generated in Australia.Laing O'Rourke's order book now stands at £10billion.

The average monthly number of employees rose by 3% from 22,567 to 23,205 and the average salary was £36,742.

Chairman and chief executive Ray O’Rourke said“We have achieved a more balanced portfolio of public and private clients, with a growing emphasis in the infrastructure sectors (particularly healthcare, education, energy and transport). As governments accelerate their investment programmes, we see opportunities to benefit in these important markets.”