UK property group Rok has issued an update revealing trading, for the year to 31 December 2006, in line with market expectations.
The group, which provides property development, building and maintenance services, attributed the growth to an extended focus on lower value projects.
Social housing framework agreements valued at £560m were secured in 2005 which are expected to contribute to increased revenue and profits.
The building division has confirmed orders of £360m on the books and reports Scottish builder Tulloch Construction Group is performing in line with expectations following its acquisition last year.
Operating margin growth in the maintenance division, Rok Maintenance, is reported to be ahead of expectation following a three year investment plan.
Rok Development also experienced good profit progression driven by a buoyant commercial and industrial property market.
References: EGi News 04/01/07
