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Kilmac makes record profit of £1.7m
Pictured (L-R): Kilmac directors Athole McDonald and Richard Kilcullen at the company’s Dundee satellite office in Mid Calder (image credit: Perthshire Picture Agency)
Civil engineering firm Kilmac has reported a nearly 30% rise in profit to a record £1.7m in the year to September 2023.
The Dundee-based business saw turnover rise to a record £26.57m, up from £25.65m the previous year.
As a result of the strong performance, the employee-owned company is paying out bonuses totalling £500,000 to staff, according to The Courier.
Director Athole McDonald Kilmac directors said they “consider that the company has performed well during the year and are pleased with the overall business results achieved in a challenging economy”.
He added: “The construction sector and the general business environment in which the company operates remains highly competitive.
“The directors are aware that the future performance of the company will be directly affected by the prevailing circumstances in the UK economy, but believe that the smooth flow of future work and the constant assessment and review of costs will ensure the future prosperity of the business.”
Kilmac undertakes civil engineering projects and acts as an earthworks contractor for commercial and social infrastructure projects, as well as housing projects throughout Scotland.