Keller Group, the ground engineering company, is confident of further improved performance in 2005 after its underlying profits for 2004 rose three per cent.
Keller, which operates Keller Ground Engineering at Ryton, Coventry, said for the year to December 2004, its profits before tax, exceptionals and the amortisation of intangibles came in at £ 29 . 6 million from £ 28.7 million despite adverse currency effects.
"I am pleased to report that in 2004 we met our immediate objectives of consolidating and strengthening our existing businesses," said chief executive Justin Atkinson.
Looking ahead, he said Keller Group aimed to boost its business through a combination of organic growth and targeted acquisitions. He noted that the order book was at record levels after large US contract wins.
Keller Ground Engineering had a satisfactory year overall, on lower sales following the withdrawal from heavy piling in 2003.
The foundations support division responded well to a number of organisational changes introduced that year, it said.
KGE's range of techniques enabled it to take on several design and construct projects, where solutions were packaged to address customer problems.
The firm's specialist grouting and dry soil mixing systems were employed on a wide range of contracts during the year, including the installation of a cut-off curtain for a new dam at Kingairloch in Scotland and stabilisation of Scarborough's East Pier.