The company, which provides consultancy and support services for rail, road, telecoms and defence projects, reported a strong outlook in all its main markets.
Atkins made a £26.6 million pre-tax profit in the six months to end of September, on turnover up 6% to £544 million.
‘Whilst overall turnover growth is expected to be modest next year, the prospects in all our core markets are good, especially in the UK where the government has committed to major investment to improve public sector infrastructure,’ said chairman Michael Jeffries.
Chief executive Keith Clarke said conversion to IFRS ‘should not affect the group’s operational prospects or its ability to generate cash,’ Reuters reported.
He also said that because of Atkins’s strong cashflow, it would boost payments to the company’s pension schemes to £10 million per year from the £4.3 million agreed with staff a year ago.
The Financial Reporting Council has issued guidance regarding the annual reporting of 1,200 large and smaller listed companies. The letter highlighted the key issues and improvements that can be made in the 2016 reporting season
Baldwins Accountancy Group has continued investment in the north-east and appointed David Fish as a director in its corporate finance team
UK M&A activity bounced back strongly in July and August, according to analysis by the deals practice at PwC.
Smith & Williamson has added Jim Clark and Philip Marsden, of Marsden Clark Corporate Finance Limited, to its corporate finance team.