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BDP targets growth in Asia as company releases half-year figures

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BDP has announced pre-tax profits of £4m for the first six months of the year, and says it will expand its presence in Asia.

The practice has released half-year accounts as a one-off, to bring its reporting period into line with parent company Nippon Koei, which bought BDP in 2016.

The document showed that pre-tax profits for the first six months of the year stood at £4 million, compared to a profit of £8.2million in the whole of 2016.

A statement by group chief executive John McManus said that the firm’s focus would now be on developing new markets in Asia.

He said: ‘As a result of our combination with Nippon Koei, we intend to expand our porffolio of work in the transportation and infrastructure sectors.

‘We will also look to establish a strong foothold in the burgeoning Asian commercial markets, combining our strength in the commercial sector with Nippon Koei’s extensive geographic spread across south-east Asia to establish a strong and sustainable studio network in the region.’

McManus said that the company also understands the importance of the UK marketplace and intends to gain further market penetration in education, health, retail and office design sectors.

He said that the firm also has a ‘particular ambition’ to expand its engineering offer across all UK market sectors.

Turnover during the first half of the year was £40.5million, compared to £82.5million for the whole of last year.

A spokesman for BDP told AJ that the firm is forecasting a 6 per cent rise in turnover for the first year of the new reporting regime, for the whole year to June 2018.

Cash balances fell from £25.8million to £22.6million over the reporting period.

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