Wates’ profit falls despite record £1.9bn turnover

Digital Edition: Wates’ profit falls despite record £1.9bn turnover

Wates made a pre-tax profit of £33.7m in 2022 from a record turnover of £1.9bn. The family-owned contractor, which is based in Leatherhead, Surrey, had a forward order book of £8.35m at the end of the calendar year with net cash of £153m. Its turnover…
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