Canadian expansion sees surge in profits at Ward & Burke

The rapid expansion of civil engineering group, Ward & Burke’s business in Canada last year contributed to the group’s pre-tax profits almost tripling to €4.75m.

New figures lodged with the Companies Office show Ward & Burke Group Ltd recorded the increase in profits after revenues rose 57%, from €46.6m to €73.3m in the 12 months to the end of December 2013. The group’s pre-tax profits last year increased by 164%, from €1.8m to €4.75m.

A major contributory factor behind the sharp increase in profits was the performance of the group’s Canadian business where revenues increased by 128%, from €11.39m to €26m.