Wrightbus pre-tax profits almost treble
- Published
Wrightbus has been contracted to build 608 double-deckers for London Transport.
Wrightbus, the Ballymena-based bus builder, has reported a near trebling of pre-tax profits for 2012.
The firm made 拢3.85m on turnover of 拢157m an improvement in 2011 when it returned 拢1.32m on turnover of 拢133m.
The directors said the performance was "satisfactory", showing "reasonable growth in most business sectors".
They added that 2013 had started well with many UK operators ordering buses ahead of new emissions regulations.
The shareholders, the Wright family, received a 拢2m dividend.
A note in the accounts states that a "substantial" amount of that dividend will be used to finance new manufacturing facilities in the UK and overseas.
Over the year employment at the firm rose from 900 to more than 1,000. The wage bill rose from 拢25m to 拢30m.
Wrightbus has been contracted to build 608 double-deckers for London Transport.
The buses are intended as a greener more accessible successor to the famous London Routemaster.
This year, it won a 拢28m order for 179 buses from the biggest bus and rail operator in the UK.
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