Murray Capital has reported an 11% increase in turnover from continued operations to £92.8m, driven primarily by increased steel prices in the company’s metals group.
During the year to June, it also recorded a 31% increase in profit before tax to £12.8m, which helped shareholders’ funds grow 23% year-on-year to £43.9m.
Improved profitability came mostly from improved trading by Murray Steels and Hillfoot Steel - both of which had a record year of profitability - as well as the sale of 12 acres of consented land at Ratho Station to Taylor Wimpey.
