OSBORNE is pushing ahead with an expansion despite profits dipping after the Sussex-based contractor was forced to make a provision for losses on an unidentified project.
The firm, whose pre-tax profits slumped to £2.4 million in the year to March 2004 from £4.1 million in the preceding 12 months, has taken on 90 staff in recent months and is opening another office in High Wycombe.
Chief executive Nick Yandle said: 'These investments are being made for the long-term benefit of the company.
'They have a short-term impact on profitability but as a financially strong private company we are well positioned to take the long-term view.'
Turnover barrelled up to £195.6 million from £181.6 million in 2003.
Of the latest workload,70 per cent came from the private sector, including schools, social housing, roads, rail and healthcare.