News blog

Aukett Fitzroy Robinson

• BY: Andrew Hore |
• POSTED: 30/01/2013 |

Architect Aukett Fitzroy Robinson moved back into profit in the year to September 2012.

At 3.25p a share, up 0.62p, Aukett is valued at £4.73m.

Revenues from continuing activities grew 6% to £9.15m, while a continuing loss of £1.21m was turned into a profit of £210,000. The main revenue growth came in the Middle East and Russian revenue declined in the second half. The UK broke even last year. The Berlin business, where Aukett owns 25%, is performing strongly. The Polish business has been closed.

There was net cash of £300,000 at the end of September 2012.

House broker finnCap forecasts a further improvement in 2012-13 profit to £300,000, although this is likely to be second half weighted. 

Additional growth could come from add-on acquisitions.

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