BMT Group reports ‘robust’ financial results for the year

BMT Group says it has achieved robust financial results, despite another year of challenging economic conditions across much of the world.

Revenues from continuing businesses rose eight per cent to £127m and underlying operating profits remained unchanged at £6.5m in the year to 30 September 2011, £5.1m of which has been distributed to the staff through the company’s profit-share schemes.

Comprising 21 subsidiary companies, the BMT Group said it has successfully focused on its core maritime offering in the organisation’s three sectors of defence, energy and environment, and transport.

Highlights included the acquisition of JFA Consultants, a port and harbour engineering specialist based in Western Australia; a successful contract win for the Royal Navy’s Military Afloat Reach and Sustainability (MARS) Tanker programme; delivery of Environmental and Facilities Monitoring Systems (EFMS) for two of Chevron’s new platforms scheduled for the Gulf of Mexico; and the completion of a strategic master plan, covering the economic, technical and financial aspects for optimising the development of Weifang Port, located in Shandong Province, East China.