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Aukett Fitzroy Robinson sees profits race ahead of market expectations

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Aukett Fitzroy Robinson (AFR) has announced a massive jump of £1.21 million in its before-tax profits (BTP) in the six months up to 31 March.

The practice's BTP has soared threefold from £47,000 to a staggering £1.26 million in the six-month period, currently well ahead of market expectations, which were £1.5 million for the year.

Recently revealed as the 15th-largest employer of architects in the UK in this year's AJ100, AFR has seen its stock steadily increase year on year.

The £150 million regeneration of St Mary-le-Port in Bristol has done much to boost shareholders' confidence in the three-year-old group, although it has been asked to revise its initial designs. The firm has also won planning permission to rework the Cardiff Coal Exchange.

AFR's success story is in stark contrast to the UK's only other listed architecture firm, the SMC Group, which two weeks ago announced the departure of its founder Stewart McColl.

SMC is now believed to be looking at closing some of its practices in a bid to stop the slide in profits.

by Richard Vaughan

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