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Boskalis' Boom Year
01 Jan 2006
Dutch dredging giant Royal Boskalis Westminster has announced anticipated net profits for 2005 will be up by at least 80% on 2004, when the company posted a figure of ?32.3m. A large intake of orders late in the year, including a ?0.8bn project in Qatar, has doubled the order book from a year ago. Turnover for 2005 is expected to be up some 15% on the 2004 figure of ?1bn.
Fleet utilisation improved in 2005 due to more works requiring the company's large hopper dredgers.
Final results will be announced on 13 March.
MJ Information No: 21423
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