T&T's international revenue to overtake domestic turnover

摘要

Consultancy firm Turner & Townsend's international revenue will exceed its domestic turnover for the first time next year, according to chief executive Vincent Clancy. Clancy said T&T - which reported a 12% drop in pre-tax profit for the year to 30 April 2011 in its annual results this week - is targeting 55-60% of revenue to come from overseas by the end of this coming financial year. In 2010-1147% of its turnover came from international markets. Pre-tax profit at the firm fell from £17.8m in 2009-10 to £15.7m in the financial year to April, but revenue grew slightly from £191.6mto£204.3m. Clancy said the drop in profit reflected squeezed margins in the UK and "heavy" investment in international markets over the past year.