Asia revenue climbs 22 percent
Asia revenue increased by 22 percent to £29.5m in 2014-2015
We have increased global turnover to £380m in the year ended 30 April 2015, with revenue from our Asia business growing 22 percent to £29.5m.
Turner & Townsend Asia Managing Director, Duncan Stone, commented: “Robust growth across all our sectors and markets resulted in an increase in revenue from last year.
“Our infrastructure business in Hong Kong was particularly positive. We experienced increased volumes of work with The MTR Corporation and the landmark win at Hong Kong Airport boosted our reputation in aviation. In India, we won commissions with major global clients including Shell in Bangalore.
“The natural resources sector continued to be successful for us for clients including Chevron. We experienced high levels of activity in Indonesia, which was largely bolstered by the acquisition of Thinc, the Australian project management business.
“With Asia-Pacific accounting for 60 percent of global infrastructure spending, we will continue to invest in our infrastructure capability, as well as growing our presence in emerging sectors such as life sciences.”
The global company, which employs 4,100 staff across 90 offices, has now recorded five successive years of growth and boosted turnover by 75 percent since 2010.
Our long-term strategy of diversification – both geographically and across its three core sectors of property, infrastructure and natural resources – successfully absorbed the recent volatility in the oil and gas market to deliver a further 11 percent increase in operating profit in 2014-15.
Turner & Townsend’s CEO Vincent Clancy commented: “Our diverse business model has allowed us to adapt successfully to this year’s shifting marketplace, and delivered some exceptional results both in our emerging markets and in our more mature regions.
“Our record turnover of £380m is an endorsement of the consistent investment we’ve made in the company - and in our staff - over the past five years, and an important milestone in our long-term plan for sustainable growth.”
For more information, see the company’s annual review 2014-2015