Profit leaps 55% as Renew focuses on engineering

摘要

Renew, the contractor formerly known as Montpellier, reported a 55% jump in pre-tax profit to £7.2m after growth in its specialist engineering and building divisions. Brian May, Renew's chief executive, said it planned to increase turnover from £347m to £500m in the next three years. Renew, which employs 800 people, specialises in the construction of social housing in the South-east and retail work across Britain. It is keen to expand its specialist engineering division. Profit at this division jumped 20%, while the specialist building division rose 42%.