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Sisk profits sparkle

The company that rebuilt the Wembley Arena music and conference venue saw the amount of money it made last year boom by over two-thirds.

Pre-tax profits at John Sisk rocketed 67 per cent to £8.2 million on the back of turnover up 15 per cent to £242.5 million.

The tonic has prompted the firm to say that it will bid for bigger jobs and PFI work in the future. In a statement accompanying its results which have been filed at Companies House, the firm said: “The company has a strong order book for 2008 and expects to continue to grow the business and compete for larger value contracts and PFI opportunities.”

The number of people employed by the St Albans, Hertfordshire, contractor edged up to 429 with the salary of the highest-paid director, who is not named, jumping nearly 40 per cent to £418,000.