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J Smart moves focus

FINANCE

J SMART is taking on more contracting work as jobs from development dry up and private house sales slow down at the Edinburgh-based construction group.

In the half-year to January 2005, Smart edged pre-tax profits up just £55,000 to £2.4 million on £10.4 million turnover - up £1.5 million.

Smart said: 'Increased contracting activity accounts for the turnover being 16 per cent higher than last year.'

Smart does not immediately disclose how much the firm makes from contracting but its operating profits were £904,000 in the year to July 2004.