County Durham construction company MGL group has pledged to make investments following a strong year in which profits and turnover increased significantly. The Durham-based group, which brings together privately owned civil engineering and demolition businesses, has posted a 49% rise in revenue from £70.1m to £104.4m for the year ended March 31, while operating profit rose 68% from £3.1m to £5.2m. Pre-tax profits also rose year-on-year, from £3.04m to £5.15m. The company attributed the rise in turnover to several North East high-value contract wins, as well as the integration of new operations within the group during the year. The…
