Barclay Mowlem Construction Group reported strong performance in 2002, with turnover up by 24% to A$823m and an operating profit of A$19·8m. Managing Director David Hudson attributed the success to the ’particularly robust’ Australian construction business. Barclay Mowlem is a partner in the ADrail joint venture building the Alice Springs - Darwin line, and is involved in rail construction in Taiwan. The firm has been awarded a rail maintenance outsourcing contract by Hong Kong MTR.
UK parent Mowlem plc reported a 14% increase in turnover to A$5·2bn and an operating profit of A$98·5m, with an order book worth A$6·5bn.