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Barr profits up

Scottish contractor Barr posted a one third rise in pre-tax profits in its last set of results as an independent company.

The firm was snapped up for £25 million by Northern Irish firm McLaughlin & Harvey last May as part of a push into more regional work.

Barr is made up of construction, industrial and manufacturing and in the year to March 2007 saw profits jump to £6.4 million on turnover up 13 per cent to £238 million.

The firm said it had a record order book of £326 million and a statement accompanying the results added: “The board is of the opinion that, with the current construction order book and the activity levels in its various divisions, turnover and profits should grow in 2007/08.”

The number of employees at the group jumped 8 per cent to 917 while the salary of the highest-paid director, who is not named, rose 10 per cent to £210,000.