Wates' profit trebles on back of reorganisation

摘要

Wates has reported strong growth across the company in 2006, two years after it restructured itself into five divisions. The group's pre-tax profit almost trebled to £31.4m for the year ending December 2006 compared with £10.6m the previous year. Turnover rose 29% to £863m. Paul Drechsler, Wates' chairman and chief executive, said his aim was to double turnover by 2012.