Underlying profits fall at J Smart

J Smart_logoScottish building contractor J Smart & Co has reported underlying profit before tax for the year ended 31 July of £3.4 million.

The figure, which includes £613,000 profit from property sales, is down from last year’s figure of £3.6m including £186,000 profit from property sales.

Revenue for the year fell to £22.86m, compared to £29m a last time.

The firm pointed to a “highly competitive tender market” and a lack of private housing sales this year.

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