Outsourcing group Newport sees profits surge

Outsourcing group Newport has recorded a 155% surge in pre-tax profits to €5.7m for the year ended December 31. The comparable figure last year was €2.2m.

Turnover increased by €51m (78%) on the prior year. Some €32.6m of this increase relates to contributions from 2006 acquisitions. The balance, €18.6m, relates to organic growth in turnover (28%). Newport also acquired seven new businesses during the year.